📊 Is Bitcoin Preparing for Its Next Big Move?
Bitcoin is showing signs of strength after a volatile week. Following a sudden drop below $101,000 — sparked by a public clash between Elon Musk and Donald Trump — BTC bounced back above the $105,000 mark, regaining market confidence.
Despite $1B in liquidations, key indicators suggest that a bullish shift could be underway.
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🔍 Here’s what’s happening:
• Whales are accumulating: On-chain data from CryptoQuant shows a steady increase in BTC holdings among large wallets (excluding exchanges and mining pools). This indicates growing institutional confidence and a potential supply squeeze.
• Miner capitulation is ending: The Hash Ribbons indicator has flashed a buy signal, suggesting miners have stopped selling at a loss and are once again holding their reserves. Historically, this has preceded major bullish moves.
• Technical breakout pattern forming: A “cup and handle” formation is emerging on the daily chart — a classic bullish signal. If confirmed, the next resistance lies near $110,000, with a possible push to $120,000 in the coming weeks.
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📉 But there are still risks:
• Miners could resume selling if BTC struggles to maintain upward momentum.
• Macroeconomic pressure — especially around the Fed’s next move — could impact risk assets like crypto.
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💬 What does it all mean?
Bitcoin is holding above the psychologically critical $100,000 level. A sustained close above $105,000–$108,000 could signal a new phase of the bull cycle. But if it drops below $100K again, expect another wave of volatility.
🧠 Your take:
Will BTC break out above $110K, or is a correction still ahead? Let us know what you think 👇
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