Analysts say that OG holders' selling pressure has weakened, and Bitcoin may break through its target price of $107000

Cryptoquant analyst DarkFrost stated that the selling pressure on OG holders has significantly weakened, with the 90 day average of UTXO spent dropping from a cycle high of around 2300 BTC to 1000 BTC. The current trend is more inclined towards holding. Analysis shows that Bitcoin has entered a breakthrough stage and may launch a shock towards the target price of $107000, driven by technical indicators, weakened selling pressure from long-term holders, and continuous outflow of BTC from the exchange. In addition, the correlation between Bitcoin and gold has turned negative, and historical data shows that BTC typically rises an average of 56% within about two months in this situation.