Bitcoin’s recent price resurgence may only be the beginning, according to prominent analyst Credible Crypto, who predicts a potential 200% rally. The key driver? A shift in behavior among long-term holders (LTHs), who have resumed accumulating BTC after months of distribution.

Long-Term Holders Back in the Market

Currently trading around $88,200, Bitcoin has climbed 1% in the past 24 hours and more than 3,1% over the week. This rise comes amid growing interest from investors with a long-time horizon. LTHs–defined as those holding BTC for over 155 days–had previously offloaded roughly 2 million coins during BTC’s ascent from $58,000 to $100,000, cashing in on the momentum.

However, this trend has now reversed. As Bitcoin corrected to $74,500 in early April, LTHs began reaccumulating. Historically, this behavior marks the early stages of major price expansions as supply tightens and demand builds. Their activity is seen as a stabilizing force in volatile conditions, and a precursor to bullish cycles.

Supply Dynamics Favor Higher Prices

LTHs previously held over 82% of all BTC in circulation when the asset fell to $30,000. Their decision to buy during dips and sell into rallies heavily influences Bitcoin’s supply‑demand dynamics. According to Credible Crypto, their renewed participation suggests BTC may be setting up for another all-time high push.

Short‑term holders, however, are contributing to volatility. CryptoQuant reports over 170,000 BTC moved recently from wallets holding for three to six months–a sign that some investors remain jittery.

Liquidity Surge Adds Fuel to the Fire

One macroeconomic tailwind supporting Bitcoin’s potential breakout is a surge in global liquidity. The combined M2 money supply across the U.S., EU, Japan, and China reached $90.2 trillion between December and February–a level that often correlates with risk‑on market behavior.

If this liquidity continues to flow into crypto markets and long-term holders maintain their buying stance, Bitcoin could not only retest its $110,000 all-time high but also surge significantly beyond–potentially hitting the 200% growth target before the current cycle ends.

See also: BTC Reclaims $87,000–Breakout Signals Return of Bullish Momentum