Multiple on-chain and technical indicators are converging around Bitcoin. CryptoQuant has identified a second early bullish signal, indicating a bottom formation phase with the start of an upward trend. Barchart notes that Bollinger Band width has reached its narrowest level since October 2023, a configuration that previously preceded a 330%+ rise in BTC between October 2023 and October 2025. Bitcoin is currently trading around $64,084, approximately 49% below its all-time high of $126,195 reached in October 2025. Glassnode observes gradual seller exhaustion, but the Long-Term Holders balance continues to decline, keeping the supply-demand dynamics fragile.
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