Bitcoin Faces Support Test as Investor Confidence Rises

Bitcoin’s price recently experienced a drop below the $110,000 level, prompting renewed buying interest from investors. This activity reflects growing confidence in the market despite volatility, according to experts who highlight the possibility of a bullish trend. 1-to-1,000 BTC holdings by entities on-chain are signaling an improving market sentiment. This increased activity is being closely observed as the market reacts to price fluctuations. Traders may be looking for buying opportunities at these levels.