Bitcoin Builds Momentum

🟡Bitcoin (BTC) is confidently recovering after breaking through key resistance at $115,900, signaling the resumption of a medium-term bullish trend. Open interest has climbed to a record $74 billion, reflecting renewed institutional engagement and growing market confidence. A sustained close above $115,000 could trigger a move toward the $121,000–$126,000 range.

🟡Further evidence of market strength comes from the steady outflow of BTC from exchanges, suggesting a long-term accumulation strategy among holders. Despite the ongoing Mt. Gox repayment delays, overall sentiment remains optimistic. Maintaining the $114,000–$115,000 range will be crucial for Bitcoin to extend its rally into the year’s end.