Bitcoin is moving sideways, but the tension is building. โ ๏ธ
Price action has stalled below the key $116,000 resistance this week, signaling indecision in the market. With Trump's aggressive tariff policies now live, volatility could strike fast. ๐๐
BTC has traded tightly between $113,000 and $116,000, as traders wait for a macro spark. And that spark might just come from Washington. Trumpโs sweeping tariffs kicked in Thursday, and further announcements could inject serious momentum into the market.
๐ Volatility Near Historic Lows
According to K33 Research, BTCโs 30-day volatility is at 1.33% โ the lowest in over a year. Seven-day vol sits at 1.2%, and even hit a shocking 0.76% on July 30, the lowest since September 2023. Weโre in the calm phase โ but not for long.
๐ Liquidity Air Gap + Institutional Demand Watch
Glassnode data shows $BTC
trading in a low-liquidity โair gapโ between $110,000โ$116,000 โ prime for aggressive moves.
Meanwhile, SoSoValue reported $91.55M in inflows to US spot Bitcoin ETFs on Wednesday, snapping a 4-day outflow streak. Thatโs promising โ but still weaker than July 10, right before BTC soared to $123,218.
๐ฅ Macro Pressure Building
A $58B US debt auction flopped this week, with weak foreign interest. If this trend continues, the Fed may be forced back into money-printing mode โ a scenario that would strengthen BTCโs appeal as a hedge asset.
---
๐ Key Technical Levels to Watch
๐น Support: 50-day EMA at $113,182 (just above the previous ATH at $111,980)
๐น Resistance: $116,000 โ a critical breakout point
๐น Next Target: $120,000 if BTC closes strong above $116K
BTC dipped over 3% after losing the $116K consolidation zone, retesting its 50-day EMA. Currently, price is hovering above $114,900. A clean daily close above $116K opens the door to a breakout.
But if $113K fails to hold, we might revisit the previous ATH zone around $112K.
---
Final Thoughts:
We're in the calm before the storm โ and all eyes are on macro. Tariffs, debt pressure, and institutional flows are lining up. Be ready for movement. ๐ฏ