Bitcoin Retail Demand Rebounds $0$10K Transfer Volume Turns Positive

Bitcoin's price experienced a significant rise to $123,200, followed by a drop to $115,700, but the overall market trend remains positive. An indicator of this is that Bitcoin is currently trading around $118,914. Data suggests that smaller, individual investors are becoming more active again, as the demand for Bitcoin transfers between $0 and $10,000 has increased. This renewed interest from retail investors is seen as a positive sign for the sustainability of Bitcoin's upward trend. This is occurring during Crypto Week in the US Congress, where cryptocurrency regulations are being debated, which could have long-term effects on the market. Bitcoin is holding above key support levels, suggesting continued buyer interest and potential for further price increases if it breaks above $120,000.