Bitcoin investors, especially permanent investors without sales history, increased BTC reserves during the market rally led by Trump.
Is Bitcoin going towards $ 116,000?
Bitcoin has lost more than 10 %since the record level of $ 109,355 on January 20th. This summit coincided with Donald Trump’s office and showed that the BTC rose by 60 %since the election victory in November.
However, On-Chain data indicates that the next large wave of rise, although Bitcoin is stuck below $ 100,000, may come soon.
Bitcoin’s ‘permanent long -term investors’ number is increasing
According to Cryptoquant, the On-Chain Analysis Platform, the permanent Holder demand, which measures long-term investors’ Bitcoin accumulation rate, has increased greatly in recent months. This trend coincides with Bitcoin’s rising from $ 67,500 in November 2024 and reached record levels at the beginning of 2025.
According to Cryptoquant data, the “accumulating addresses ın of rarely sales investors significantly increased BTC assets.
Can we see sales pressure?
In the past, the summits in the demand for permanent Holder were usually followed by large sales waves. This was frequently observed with the return of aggressive purchases in the previous bull markets at the end of the distribution (sales).
However, what makes the current ascension trend different is that the demand of accumulating addresses has not yet returned to the pre -Trump levels.
In spite of the correction at the beginning of February, the increase in demand again shows that long -term investors maintain the confidence in Bitcoin and make less sales compared to previous cycles.
Trump’s positive attitude towards Bitcoin, the possibility of creating a strategic Bitcoin reserve in the United States, and the increasing interest of institutional actors such as ETFs, state funds, and public companies, are among the factors that support this rise momentum.
Technical Analysis: Can Bitcoin price reach $ 116,000 in February 2025?
Bitcoin usually creates a symmetrical triangular formation, which is usually the harbinger of a strong break. Market analyst Titan of Crypto says that the BTC price can rise up to $ 116,000 by breaking the top trend line of the triangle.
According to the technical analysis rules, the maximum distance between the upper and lower trend line of the triangle is added to the breaking point and the upward target is determined.
In addition, the analyst Dom detected an extraordinary Doji Mandal Formation in Bitcoin’s daily graph. This draws a picture similar to the market uncertainty seen after the FTX collapse in November 2022. According to the analyst’s statement:
For the first time in the history of Bitcoin, Doji candles, which were less than 0.05 %of the total candle range for three days in a row, were formed. This shows that maximum indecision and a great movement is approaching.
A similar model was seen in November 2022 before Bitcoin made a 620 %rally. If this historical pattern repeats, Bitcoin may make a new explosion.
It is possible to decrease to $ 80,000 in the short term
Grayscale’s research director Zach Pandl predicts that with the effect of Trump’s policies and the support of powerful stock markets, Bitcoin can see new summits in the first quarter of 2025.
However, many analysts think that the $ 80,000 can be tested in the short term. Bravo Research, a investment research firm, states that such a decline will offer “purchase from the bottom” opportunities.
