Bitcoin Price Relies on This 3-Month Low Signal to Go Bullish — If $114,900 Breaks

Bitcoin is currently trading around $111,346, showing a recent rebound but remaining down over the past 30 days. Bullish sentiment is supported by improving on-chain metrics, specifically the Holder Accumulation Ratio (HAR) rising above 55%, indicating long-term holders are buying, and the Net Unrealized Profit/Loss (NUPL) recovering from a three-month low, suggesting low immediate profit-taking pressure. Technically, Bitcoin is forming a falling wedge pattern, a bullish reversal signal. A daily close above the key resistance zone of $114,928 is required to confirm a breakout from this wedge, potentially leading the price toward $117,615 and $121,440. Failure to hold the support level of $108,918 would negate this short-term bullish outlook.

(Source：BeInCrypto)