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Bitcoin regains strength as market confidence returns

Bitcoin rebounds above $115,000, traders regain confidence, and long-term sentiment strengthens despite slower corporate accumulation.

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What we will talk about today...

Bitcoin targets record monthly close

Strategy slows Bitcoin buying to 2021 levels

Bitcoin no longer in a downtrend

Crypto market escapes “fear” as sentiment stabilizes

Bitcoin targets record monthly close

Bitcoin trades near $115,000 after a strong weekly recovery. Bulls eye a record monthly close as investors regain optimism.

  • [Rebound]: Bitcoin recovered from $102,000 to $115,000, reclaiming its key 21-week EMA support.

  • [Rate cuts]: Markets expect a 0.25% Federal Reserve rate cut, likely adding to risk-asset strength.

  • [AI forecast]: AI models project $125,000 by month-end if momentum holds.

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“Bitcoin is enjoying a strong rebound from the Macro Range Low,” said analyst Rekt Capital.

“There is no bubble. All dips are temporary,” added economist Timothy Peterson.

Strategy slows Bitcoin buying to 2021 levels

Strategy’s Bitcoin purchases have dropped sharply, but its conviction remains firm.

  • [Buying pace]: Purchases have fallen from 10,000 BTC per week to about 200 BTC.

  • [Holdings]: The firm now controls 3.2% of all Bitcoin in circulation.

  • [Profit]: Despite reduced spending, Strategy holds $23.7 billion in unrealized profit.

“Strategy is no longer buying big, but they’re still buying,” said analyst Maartunn.

Michael Saylor added, “There’s only one way to lose—and that’s not to play the Bitcoin game.”

Bitcoin no longer in a downtrend

Bitcoin’s close above key technical levels confirms a bullish trend shift.

  • [Support zone]: BTC reclaimed the 20-week EMA and 21-week SMA, key bull market supports.

  • [Price level]: Bitcoin trades at $115,000 with support near $100,000 and next resistance near $120,000.

  • [Accumulation]: On-chain data shows midsize wallets increasing holdings after weeks of selling.

“As long as Bitcoin stays above the bull market band, the market will see this as continuation, not retracement,” said analyst Arman Shirinyan.

Crypto market escapes “fear” as sentiment stabilizes

Market sentiment improves sharply after two weeks of anxiety.

  • [Index reading]: The Crypto Fear & Greed Index rose from 24 to 51, moving from “fear” to “neutral.”

  • [Selling pressure]: Glassnode reports selling has eased, and funding rates remain below 0.01%.

  • [Macro outlook]: Markets price in a near 97% chance of a Federal Reserve rate cut this week.

“For the first time since the October 10 flush, aggressive selling has subsided,” Glassnode said.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results