🧨 BTC Eyes Legendary Weekly Close — Is the Real Rally Just Starting?

As it gets ready for what many think might be the next significant bullish phase, Bitcoin is on course to post its best weekly closing in history, indicating mounting strength. BTC is presently steadying above the $105,000 mark after sprinting to a new all-time high at $112,000 earlier this week, therefore putting itself above important short-term support into next week.

Still, macroeconomic factors still create hazards even if price activity presents a positive image. Still big influences include high interest rates, tighter financial conditions, and more general market instability. Although investors are cautiously hopeful, if world risk attitude declines volatility might rapidly resurfaced.

Data seen on-chain provides a more grounded perspective of the present cycle. Darkfost claims that based on CryptoQuant statistics, realized gains right now are 104,000 BTC, or almost $11 billion. Although the figure seems high, it is still well below the historical danger zone of 350,000 BTC—a quantity usually associated with either euphoric situations or overheating.

This points to the market still falling into a good profit-taking range. "Profit-taking is not a red flag during a bull market," Darkfost said. "It is really essential. It keeps members involved and helps to preserve momentum.

The next week is very important. A verified weekly closing over $105K would confirm this level and provide conditions for further upside. New support would help to establish this level. Bulls failing to retain ground runs the danger of losing momentum in the rally. Bitcoin seems strong right now, but the market is moving toward a zone where belief will be put to test.

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