Despite a recent price drop of 1.4%, several indicators suggest Bitcoin (BTC) could reach $140,000. Notably, spot Bitcoin ETFs have recorded significant inflows, totaling $2.9 billion in just two weeks, reminiscent of previous Bitcoin rallies. Furthermore, a dramatic decline in exchange balances combined with an increased transaction volume Z-Score indicates rising demand. Bitcoin whales continue to accumulate BTC, with Glassnode reporting a shift to intense accumulation, aligning with bullish trends seen in late 2024. Additionally, the network activity is surging, with transaction volumes suggesting increased market interest. A rounded bottom chart pattern is forming, signaling potential bullish breakouts, with analysts projecting a target price of $140,000. This positive outlook emphasizes the bullish sentiment within the market, suggesting potential price appreciation.

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