My people! Do you know what's happening with Bitcoin? 🤯 It’s like a caged lion, still on the outside, but something big is cooking inside! 🦁🚀

The price of Bitcoin is around $119,000, barely moving in the last 24 hours! It seems calm, right? But don't be fooled, this stillness is what precedes the storm. 🌪️ Traders are wide-eyed, waiting for the signal for this to explode.

What does the market tell us? Well, there are several clues, and I'll tell you in the style of Noticias 1🔥 so you don't miss a detail!

Less Bitcoin on exchanges, less desire to sell! 📉

Bitcoin reserves on exchanges have fallen to 2.384 million BTC, the lowest level in a month! And what does this mean? That people are not rushing to sell. When reserves rose in mid-July, the price went down. Now that they are dropping, selling pressure is reduced! If demand increases, especially spot buying, this low supply could catapult the price above $119,000. So, even though the chart looks boring, this is a discreet sign that a breakout is coming, especially if it breaks the resistance of $120,700!

Caught between two fires? Liquidations explain everything! 🔥

The liquidation map shows us why Bitcoin is stuck between $118,000 and $121,000. There are a lot of liquidations of long and short positions close to the current price. It's like a rope where no one wins. If the price exceeds $120,500, a tsunami of short liquidations could be unleashed! More than $300 million could evaporate, pushing the price into the $124,000-$127,000 range. But be careful, if it falls below $116,000, long liquidations could send it to $114,000. The thing is that the bets are even, which is why the price isn't moving.

The bets are on the bullish side! ⬆️

The BTC funding rate is at +0.0104%, which tells us that more traders are paying to hold long positions. This is a small but clear sign that the environment is bullish. Open interest is steady, neither rising nor falling. This means traders are still in the game, but with caution. The last time funding was this positive in early July, the Bitcoin price soared nearly 6% in a week. If funding rises again and open interest increases, it could be the fuel for a breakout above $120,700 and put the all-time high back in sight!

No one wants to sell for less! 💰

The spent output profit ratio (SOPR) is at 1.0105, which means neutral. This indicates that those who are selling now are hardly making anything. When the SOPR is low, like now, it suggests that traders are in no hurry to take profits. And that's good! In March, when the SOPR went above 1.2, the BTC price reached $99,000 and corrected sharply. Now, the SOPR is calm, suggesting that people are ready to wait for the next rise, especially if the price breaks resistances and points back to its all-time high!

The chart screams that it needs a push! 🚀

The daily chart shows us that BTC is trapped between the support of $114,728 and the resistance of $120,666. It has been respecting this range for two weeks. But here's the interesting part: each drop becomes milder, a sign that buyers are entering earlier! If the Bitcoin price closes above $120,700, we could see a rapid jump to $124,339 and then to $127,300. If it breaks that level too, the path is clear to go for the all-time high of $139,886! But if it doesn't achieve it this week, we will remain in the range, perhaps with a pullback towards $115,000.

Although this week seems calm for Bitcoin, the pressure is building beneath the surface! Low reserves, balanced liquidations, cautiously bullish financing, and a calm SOPR point to an imminent movement. Just one trigger is needed, and when it activates, we could see the next wave! Whether towards a new all-time high or a drop, that will depend on how traders react in this very narrow zone. Let's stay alert because this is getting good!$BTC