$BTC Breakout Loading: Volatility Hits 10-Month Low, Bullish Signals Align
Bitcoin is consolidating near $103,769, with volatility now at a 10-month low, setting the stage for a powerful move. A Golden Cross has formed on the daily chart, where the 50-day moving average has crossed above the 200-day—a historically strong bullish signal.
Technical targets are aligned for potential surges to $109K, $118K (Fib 161.8%), and even $135K (Fib 261.8%). On-chain metrics remain solid, with strong whale accumulation and low exchange reserves.
Fundamentals are just as supportive. U.S. spot Bitcoin ETFs pulled in $2.38B in May so far, following $2.97B in April, confirming sustained institutional demand. Macro conditions—cooling inflation and anticipated Fed rate cuts—add more fuel to the bullish setup.
Momentum is building. The confluence of technical, on-chain, and macro indicators suggests that Bitcoin’s next leg could redefine this cycle’s highs.
