The price of Bitcoin has just surpassed $118,000, marking an unprecedented milestone driven by a significant influx of institutional capital, legislative optimism in the U.S., and growing interest in ETFs.
📈 Technical context
Resistance break: The price broke key levels ($117k–$118k) accompanied by increasing volume, a clear signal of bullish strength.
Short squeeze: Over $1 billion in short positions were liquidated, accelerating the rise.
Institutional migrations: Massive flows into ETFs and strategic purchases by companies and governments as part of reserves.
🔥 Why is this part of a larger trend?
1. Institutions on the attack: Continuous reinvestment in ETFs, banks, and corporate capital driving adoption.
2. Positive regulatory environment: New initiatives like 'Crypto Week' in the U.S. Congress and pro-crypto measures from the Trump administration strengthen confidence.
3. Correlation with traditional markets: Its performance exceeded the S&P 500 and Nvidia, consolidating its role as a mainstream asset.
4. Strong technical movement: The breakout confirmed classic patterns, such as bull flags and resistance breaks, supported by volume and momentum signals.
⏳ What can we expect now?
Continuation of the rally: If ETFs continue to attract capital and regulations solidify, the next valid technical target is to surpass $120,000, according to various analysts.
Watch out for corrections: After a movement of this magnitude, it is normal to see technical drops or consolidations before resuming the trend.
Medium-term outlook: The context favors a sustainable bullish structure, further supported by on-chain metrics and accumulation by institutional 'whales'.
🧭 What it means for traders and followers of NómadaCripto
These types of events not only represent momentary gains, they are opportunities to reinforce strategies based on momentum, risk management, and proper timing. In my analyses and live sessions, I explain:
How to identify legitimate breakouts.
Where to place entries, stop-loss, and targets.
How to react in corrections or reversals.
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