🟡Since August 25, Bitcoin has repeatedly attempted to break above the $112,000 resistance level, but each rally has been met with strong selling pressure. Still, investor interest remains resilient. According to CryptoQuant analyst Darkfost, the number of BTC “accumulator addresses” — wallets that steadily accumulate coins without selling — has reached an all-time high. This highlights long-term confidence in Bitcoin’s price potential.
🟡Another bullish factor is the positive funding rate on exchanges, signaling dominance by long traders who are willing to pay a premium to hold positions. If current demand holds, BTC could push through resistance and target $115,892. However, renewed selling could drag the price back toward $110,034.