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Eyes $110K — And the Fed Just Handed It the Fuel
After a brief cooldown, Bitcoin has reclaimed $107,000, flipping resistance into support on the daily chart. The weekly candle is shaping up to close with a strong bullish hammer — signaling strength across both macro and technical fronts.
But here’s the kicker: the Fed signaled its clearest pivot yet — language in Powell’s Friday remarks hinted at “real inflation softness.” Bond yields dropped. Dollar weakened. BTC? Instantly bounced.
On-chain metrics confirm it: exchange balances are down 4.6% in June, miner selling pressure has cooled, and Tether inflows to spot markets are ticking upward. Even BlackRock’s ETF saw its highest 3-day inflow streak since April.
Smart money isn’t chasing the breakout. They’re positioning before it. And that weekly close? It may just lock in the momentum for a new Q3 leg.
🟠 $BTC hasn’t peaked — it’s pausing before its next sprint.
