Don’t Give Up - This Bitcoin Indicator Supports the Bullish Narrative

Why This Report Matters

Bitcoin has surged to the upper end of its range at $106,000, driven by institutional accumulation rather than retail speculation.

Despite short-term bearish indicators, our view remains bullish as long as Bitcoin holds above $101,000.

This report examines the catalysts behind Bitcoin’s rally, including ongoing corporate accumulation, MicroStrategy’s strategic buying, and the impact of Ethereum’s recent market behavior.

We also discuss the importance of maintaining a balanced approach using call spreads to capture upside while limiting risk.

Bitcoin nearly reached $106,000 (a high of $105,747) before losing momentum, becoming short-term overbought.

To maintain its upward trajectory, a clear breakout above $104,500 is needed, supported by ongoing catalysts such as the relentless rise in U.S. debt, as fiscal expenditures remain elevated despite the DOGE initiative.

At the same time, more companies continue to remove Bitcoin from circulation, using it as a treasury asset and store of value.
Crucially, this rally is not driven by retail speculation, which is often sensitive to short-term liquidity swings.

Instead, it is fueled by steady, long-term accumulation from institutional buyers and companies, over 70 of which are now following MicroStrategy’s treasury strategy.

Read the most important part of our analysis:

https://update.10xresearch.com/p/don-t-give-up-this-bitcoin-indicator-supports-the-bullish-narrative-c353