Bitcoin accumulation wave puts $80K back in play: Analyst

Bitcoin is showing signs of a significant bullish reversal as a new “accumulation wave” takes hold, according to market analysts. Recent on-chain data indicates that large-scale investors, often referred to as “whales,” are aggressively increasing their Bitcoin holdings following a period of market consolidation. This surge in buying pressure has led analysts to suggest that the $80,000 price target is once again within reach.

Key indicators, such as the declining supply of Bitcoin on centralized exchanges and consistent inflows into spot Bitcoin ETFs, point toward a potential supply shock. One prominent analyst highlighted that the current market structure closely resembles past accumulation phases that preceded major rallies. “The data suggests we are entering a high-conviction phase,” the analyst noted, emphasizing that breaking through key resistance levels could trigger a rapid move toward new all-time highs. While macroeconomic volatility remains a factor, the sustained accumulation wave provides a strong foundation for Bitcoin’s next leg up, keeping the $80,000 milestone firmly in the sights of market participants.

Source: Bitcoin accumulation wave puts $80K back in play: Analyst