Bitcoin’s Bullish Momentum Gains Traction: On-Chain Signals Fuel Sustained Growth

Bitcoin continues to demonstrate strong market performance, fueled by both on-chain and technical indicators that point toward sustained upward movement. A key strength lies in the positive relationship between on-chain profitability and market stability. Bitcoin’s price action remains well above the average cost basis of recent purchases, signaling continued gains for short-term holders. This supports confidence in the asset, keeping selling pressure relatively low and fueling a steady climb rather than any sudden pullback.