Analysts highlight Bitcoin’s potential for further gains despite the market’s current volatility. While retail investor impatience is growing, signs of increased long-term participation and a robust technical structure suggest more upside is likely. João Wedson’s analysis shows that rising activity from dormant wallets preceding major rallies in 2017 and 2021 indicates potential for further growth. Notably, Bitcoin still trades above key cost basis models, which historically serve as strong support zones, suggesting we may be entering a pre-euphoria phase before true market euphoria takes hold. Meanwhile, trader Pentoshi emphasizes the importance of viewing long-term trends in Bitcoin’s price action. His charts show a continued upward trend despite recent price pauses near $106,000. Although retail investor impatience is growing, the bigger picture paints a bullish outlook for Bitcoin. Key takeaways include: on-chain activity is increasing, signifying renewed long-term holder participation; Bitcoin remains above major cost models, historically a sign of early-stage bull momentum; and retail frustration is growing, but zoomed-out charts still show continued upward movement in Bitcoin’s price.