$BTC With BTC in its historical bull phase, surpassing new records and consolidating above critical resistance zones, market sentiment remains predominantly optimistic. On-chain data points to strong retention in long-term wallets (HODLers), with a decrease in supply on exchanges — a classic sign of scarcity and potential buying pressure. Additionally, institutional interest remains high, with spot ETFs maintaining positive flows and large players increasing exposure.
Technically, the price broke through the $73K region and is now seeking to consolidate support above $70K, with the RSI still in a healthy zone and MACD indicating buying strength. As long as there is no trend reversal or aggressive selling entry, the scenario remains bullish. However, keep an eye on a possible profit-taking in the short term, which could open up opportunities for strategic pullbacks. The market is in "price discovery" mode.