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Bitcoin ($BTC) Nears $127K Target as Whale Activity and On-Chain Signals Align with Bullish Momentum
The cryptocurrency market is known for its unpredictability, but recent developments have given rise to a tantalizing prospect – the possibility of Bitcoin reaching $127,000. This estimate comes in the face of drying supplies and whale activity that has been fueled by strong momentum.
Whale inflows surged an astonishing 195% in just seven days, supporting the cryptocurrency’s push toward its target price. The Puell Multiple, which gauges miner-driven corrections, has dipped to a lowly 1.27, indicating reduced selling pressure from this cohort.
Source: ambcrypto.com
