Bitcoin Bulls Eyed $140,000; Long-term Holders Cash In Ahead of Potential Stimulus

Bitcoin continues to trade within a bullish channel, with the potential for a significant price surge towards $140,000 according to Bitcoin­sensus. Data from on-chain analysis by Ali shows that long-term holders have sold over 371,584 BTC since July, marking peak distribution levels as they anticipate selling opportunities. Crypto Rover draws parallels between the recent market conditions and the 2020 CARES Act rally, suggesting a familiar setup for the next major price cycle. Analysts point to Bitcoin’s sustained position within its long-term ascending channel, currently near $140,000 if the channel remains intact in the coming months.