Trade nowđ¤it's time to Richđ¤$BTC
Bitcoin is looking bullish today. Here's a detailed breakdown:
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đ Current Momentum
Price action: $BTC has risen around 4% over the past week, firmly holding between $109Kâ$110K, and is hovering just **2% below its all-time high (~$111.9K)** .
Short squeeze alert: Recent jump past $108K triggered ~$359K in short liquidations, fueling bullish energy .
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đ Drivers Behind the Bull
1. Strong institutional inflows
Spot $BTC ETFs saw hefty inflows (e.g., $386M) following the surge past $105Kâ$110K .
2. Onâchain bullish signals
Higher Taker Buy/Sell ratio (~1.1) and accumulation by long-term holders indicate solid market confidence .
HODLers are stockpiling, while short-term holders distributeâa classic accumulation setup .
3. Technical patterns
Break above $108K, supported by chart fractals and doji candle signals, suggests potential retests of all-time highs, perhaps even $120K .
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â ď¸ Bear Case â Keep in Mind
Analysts caution that a doubleâtop pattern may lead to a short-term dip toward $106K .
Watching macroeconomic factors closelyâespecially US inflation data and USâChina trade talksâis key .
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đ§ Near-Term Outlook
Momentum appears bullish, underpinned by technical breakouts, institutional interest, and on-chain strength.
If macro conditions remain favorable and BTC holds above $108Kâ$109K, a retest of all-time highs (~$112K) is very possible short-term.
A breakout above that could pave the way toward $120K+, according to bullish chart interpretations .