Bitcoin recently saw its price briefly rising to 102,180 USD before declining again to 96,440 USD. This surge came after positive ETF inflows. Despite this setback, a large outflow totaling 5,407 BTC was recorded on Binance, signaling strong accumulation behavior by investors. Holding above 98,000 USD is crucial for maintaining a bullish outlook.

The 14-day simple moving average index indicates renewed buying pressure from retail investors, especially as the Coinbase premium index crosses above it, marking a bullish signal. Previously, such patterns pushed BTC prices from 69,000 USD to 108,000 USD in late 2024. Long-term retention above 98,000 USD is necessary to see a new ATH, according to experts.