Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to distribute their coins.

As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.

Bitcoin’s taban to $100,000 was quickly bought up and its outlook still remains “bright,” one analyst said.

Bitcoin holdings for public U.S.-listed companies have more than doubled since January 2024.

Wednesday’s price action for bitcoin was the fourth time it exceeded the key $100,000 price level.

The selloff in stocks and cryptocurrencies could mean Donald Trump’s inauguration will less likely be a sell the news event, K33 Research said.

BTC’s latest price action seems to contrast sharply with the uptrend exhaustion observed at record highs above $108K in mid-December.

Babylon, developer of the largest BTC staking protocol, is teaming up with Bitcoin developers Fiamma to build a trust-minimized bridge using BitVM2

Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.

Mining stocks including WULF, BTDR, IREN and HUT dropped over 5%, while BTC holder medical devices firm Semler Scientific plunged 10%.