The article discusses the current price action of Bitcoin and suggests that despite being in a consolidation phase, it actually signals bullish potential. The support from long-term holders (LTHs) is highlighted as a key factor that influences major market moves and indicates a potential rally for Bitcoin. The Value Days Destroyed Multiple (VDDM) indicator is mentioned, with the current value suggesting a different market structure compared to previous cycles. The article also notes that Bitcoin's spent coin volume remains relatively controlled, signaling a more sustainable rally with reduced risk of sudden sell-offs. The ratio between long-term holder profit and loss volumes indicates that most LTHs are in profit, reinforcing the ongoing accumulation trend. The Parabolic Curve pattern is highlighted as a structure that historically precedes major rallies, and if Bitcoin closes above $110,000, a new all-time high could be established. The critical support level for Bitcoin is stated to be $92,324, and breaking below it could invalidate the bullish outlook.



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