Bitcoin is showing signs of potential recovery as it emerges from a bullish pattern. Whale investors have been actively accumulating Bitcoin during price swings, while smaller retail traders have been liquidating their holdings. This has resulted in a shift in wallet distribution, with larger holders reinforcing their positions and smaller traders exiting the market. The Cost Basis Distribution indicates a key support range for Bitcoin between $97,500 and $99,999. If Bitcoin can break the $100,000 resistance level, it is likely to continue its uptrend and potentially reach $106,100. However, failure to break $100,000 could lead to a decline and disrupt the current recovery trend.



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