🚨 Has the momentum ended? Traders are still expecting $150K for Bitcoin

Crypto Pulse from BlockchainSam

🧭 Quick Overview

$BTC reached an all-time high of $111K but is now showing signs of cooling. Has the rise ended? Or is the market taking a breather?

🔍 What's happening?

The Relative Strength Index (RSI) dropped from 79 to 67 — a clear signal that momentum is cooling. Moreover, the CVD in perpetual contracts has dropped by 43%, indicating clear selling pressure from futures traders.

💼 Why is this important?

Despite the signs of fatigue, $BTC is still holding support at $106K — a key level for the market. Analysts see this area as a potential launch pad for the next phase towards $150K, especially with institutions quietly continuing to buy.

📈 Technical Snapshot

The price remains within an upward channel. AlphaBTC sees $120K as nearby, and Fibonacci targets $135K as a possible goal. Meanwhile, Rekt Capital believes that BTC is in a "Price Discovery Uptrend 2" phase — which could take us to $150K.

⚠️ But be careful

Glassnode data confirms that the market is a bit hesitant. If the support at $106K breaks, we could see a quick test of $102K before any new flight.

🎯 Sam's Summary

Momentum has eased, but the trend is still upward. If we hold $106K, a return of strength isn't far off — and $150K is not a dream. But as always, keep a close eye on support and be ready.

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