Bitcoin (BTC) Neglects Global Political Tensions: The Next Potential Goal is Identified

Bitcoin regained its losses on Monday, reaching nearly $110,000 after an unexpected EU tariff announcement by US President Donald Trump unsettled markets over the weekend. A major technical pattern has emerged, hinting at Bitcoin's next significant move. The cryptocurrency could reach $112,000 following the activation of a double bottom pattern, according to CryptoQuant.

This pattern, which is often seen as a strong bullish reversal signal, has formed around key support levels. Furthermore, recent Bitcoin price movements show a growing divergence between retail behavior and whale activity. Despite rising prices, exchange netflows remain negative, implying that more Bitcoin is leaving exchanges than entering.

This situation has been interpreted as a possible stealth accumulation phase by 'smart money,' which could lead to a bullish continuation if prices remain stable amid increasing sell pressure.