๐ฐ BITCOIN WEEKLY REPORT
Bitcoin has held its recent gains and is trading sideways between $116K and $120K over the past week. Bulls are maintaining strong control at these levels.
As seen in 2017 and 2021, this consolidation phase could trigger a breakout towards $175k-$200k in the next 5โ6 months.
๐น Resistance: Practically free air now โ $125K based on H&S pattern target
๐น Support: $116K and $110K
โ MACD is still strong, indicating momentum continues
โ RSI has reached 71% (overbought territory), but in parabolic phases, BTC RSI can hit 85โ90 levels
๐Reminder: Market makers often use FUD/FOMO news to create volatility and grab liquidity on both sides โ be cautious around major headlines.
๐ Key Macro Tailwinds:
1. Trump signed the โBig Beautiful Billโ โ expected to inject massive liquidity
2. Markets have absorbed multiple war-related shocks and are still at ATH
3. Tariff fears in Q2 were absorbed โ market rebounded strongly
4. Rate cuts coming โ 3โ4 cuts of 25bps expected over the next 6 FOMC meetings
5. Global M2 money supply is rising again
These signals suggest that while short-term volatility is likely, Bitcoin and U.S. markets remain extremely bullish for the next 6โ9 months. Any panic could be a major buying opportunity.
๐ Major Event This Week:
โข Nasdaq Earnings
