Bitcoin bulls are shrugging off the risk of fresh BTC price downside with a return to $113,000, but they have more work to do, said trader Peter Brandt.

Key points:

Bitcoin builds on 1.6% daily gains as bulls overcome a fresh round of BTC sales by an “OG” whale entity.

Accumulation is in full swing across the board, research says, with interest mimicking April’s price rebound.

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