Bitcoin has surged above $95,000 this week, on track for its strongest weekly gain since November 2024 . Technical indicators show overbought conditions—RSI is approaching the 70 threshold and MACD remains bullish—suggesting a possible consolidation around key support levels at $92K and $88K . Major U.S. macro releases next week (CPI, PCE, Fed minutes) are likely to introduce heightened volatility . Spot Bitcoin ETFs attracted a record $2.68 billion in net inflows this week, underscoring robust institutional demand . Bitcoin’s correlation with gold remains high at 0.70, offering diversification value amid equity and dollar weakness . Geopolitical tensions and profit-taking near the psychological $100K level represent key risks . Overall, decisive moves above $98K or below $92K will set the tone for the next directional leg .
