Bitcoin’s Diamond Hands Double Down, Targets All-Time High 📈

Since February, Bitcoin has struggled to stabilize above $100,000 amid market volatility sparked by Donald Trump’s tariff wars. Despite these challenges, long-term holders, those with no recorded selling history, have shown confidence by increasing their Bitcoin accumulation.

According to CryptoQuant, there's a spike in Bitcoin’s Permanent Holder Demand, reflecting a commitment to a long-term holding strategy. Accumulator demand has surged since its February 2 low, reinforcing investor confidence despite early February corrections.

The 20-day exponential moving average (EMA) is a key resistance point, currently at $98,995. BTC trades just below this level, indicating potential bullish momentum if crossed. Breaking through this resistance might drive momentum towards reclaiming Bitcoin's all-time high of $109,356.

The EMA tracks price averages over 20 days, giving more weight to recent prices. Sustained increased demand from long-standing holders could push Bitcoin above this resistance, potentially heralding an uptrend.

However, if demand from BTC accumulators stalls, current gains might reverse, causing a potential drop to $92,325.