๐ Bitcoin Blasts Past $116K Again!
Bitcoin reclaimed the $116K zone, echoing yesterdayโs surge.
โข New High: $116,868 โ top of this cycle.
โข 24h Gain: +4.41%, crushing bears.
โข Volume: 25,910 BTC traded โ whales still hungry.
๐ฅ Technical Snapshot:
โ
Broke out of tight $110,500 range on vertical volume.
โ
Riding above MAs (5 & 10), momentum alive.
โ
Holding ~6.74% above last base โ shows strength, not exhaustion.
โก Volatility Pulse:
Volatility is opportunity: Breakouts this explosive often precede either an extension to $120K+ or a liquidity flush down to retest supports at $113K-$114K.
Watch the reaction around $116K: flipping it into strong support could kickstart a parabolic leg.
If volatility squeezes again with low volume, expect a trap โ either for late longs or shorts.
Intraday swing from $110,500 โ $116,800, a fast ~5.7% move โ volatility roaring back.
Long wicks & quick retraces = classic whale liquidity grabs.
๐งญ Next Levels:
โ
Above $116K? Sets up run to $120K+.
โ ๏ธ Below $115K? Eyes on $112K-$113K support.
๐ฅ Sentiment Shift:
Fear turning into FOMO. Institutions likely absorbing retail sell-offs, prepping for the next leg.
๐ข What It Means:
Volatility = opportunity. Explosive moves like this either break higher or flush to trap late entries. Watch volume โ low volatility after spikes often means a setup.
๐๏ธ Key Takeaway:
Bitcoin isnโt just touching $116K, itโs trying to build a new floor. This is structured accumulation. If volume stays hot, the next ATH run could already be loading.
๐ช In short:
Bitcoin didnโt just touch $116K โ itโs now building a new floor there. This isnโt hype; itโs structured accumulation. If volume stays high, the next ATH run could already be brewing
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