🚀 Bitcoin Blasts Past $116K Again!
Bitcoin reclaimed the $116K zone, echoing yesterday’s surge.
• New High: $116,868 — top of this cycle.
• 24h Gain: +4.41%, crushing bears.
• Volume: 25,910 BTC traded — whales still hungry.
💥 Technical Snapshot:
✅ Broke out of tight $110,500 range on vertical volume.
✅ Riding above MAs (5 & 10), momentum alive.
✅ Holding ~6.74% above last base — shows strength, not exhaustion.
⚡ Volatility Pulse:
Volatility is opportunity: Breakouts this explosive often precede either an extension to $120K+ or a liquidity flush down to retest supports at $113K-$114K.
Watch the reaction around $116K: flipping it into strong support could kickstart a parabolic leg.
If volatility squeezes again with low volume, expect a trap — either for late longs or shorts.
Intraday swing from $110,500 → $116,800, a fast ~5.7% move — volatility roaring back.
Long wicks & quick retraces = classic whale liquidity grabs.
🧭 Next Levels:
✅ Above $116K? Sets up run to $120K+.
⚠️ Below $115K? Eyes on $112K-$113K support.
🔥 Sentiment Shift:
Fear turning into FOMO. Institutions likely absorbing retail sell-offs, prepping for the next leg.
📢 What It Means:
Volatility = opportunity. Explosive moves like this either break higher or flush to trap late entries. Watch volume — low volatility after spikes often means a setup.
🗝️ Key Takeaway:
Bitcoin isn’t just touching $116K, it’s trying to build a new floor. This is structured accumulation. If volume stays hot, the next ATH run could already be loading.
🪙 In short:
Bitcoin didn’t just touch $116K — it’s now building a new floor there. This isn’t hype; it’s structured accumulation. If volume stays high, the next ATH run could already be brewing
