Analysis of Bitcoin onchain and technical data suggests new record highs are imminent. Key takeaways include: Glassnode data shows most Bitcoin wallet cohorts are accumulating BTC; a daily timeframe bearish divergence signals fading momentum, casting doubt on BTC’s ability to rally towards the $120,000 to $130,000 range. Bitcoin price surged above $105,000 during US market trading hours after forming a double bottom pattern in the 1-hour chart. Available liquidity around the $102,500 zone was recently swept, potentially paving the way for new Bitcoin price highs this week. Bitcoin fractal analysis indicates a similar setup to its previous range between $97,900 and $92,700, with three distinct conditions: Range lows and range highs have led to trend reversals. A double bottom formed after range highs ($97,900 and $107,144) were formed, sweeping internal liquidity levels but not the bottom. If Bitcoin consolidates between $103,500 and $105,200 (orange boxes) for the next 24 hours, it could increase chances of breaking above $107,000, potentially reaching new highs above $110,000 this week. Conversely, a failure to hold at $103,500 could lead to a retest of the $102,000 support, invalidating price fractal predictions and potentially opening the door for new lows below $102,000 in the coming days. Crypto analysts have observed that glassnode data shows a significant shift in Bitcoin investor behavior with smaller holders accumulating BTC at a score of 0.55, while larger cohorts holding 100-1000 BTC and 1000-10,000 BTC exhibited strong accumulation scores of 0.9 and 0.85 respectively. This trend could precede Bitcoin price rallies as market confidence grows. However, a bearish divergence on the daily chart, observed by analyst Bluntz, may dampen hopes for a new all-time high this week. The analysis shows the RSI indicator forming lower highs during a time of rising prices, suggesting that buying pressure is fading.