$BTC 🔥 🔥
Bitcoin Smashes Amazon’s Valuation – Next Stop, All-Time High?
Bitcoin has officially crossed a historic threshold, overtaking Amazon in market value with a $2.45 trillion market capitalization compared to Amazon’s $2.43 trillion. This places BTC firmly among the world’s top five most valuable assets, a symbolic moment that underscores crypto’s maturation into a globally recognized store of value.
At the time of writing, Bitcoin trades at $120,010, consolidating in the tight $119,000–$122,000 range — just shy of its July all-time high of $123,091. Despite short-term volatility, bullish momentum remains intact as both technical indicators and capital flows align in BTC’s favor.
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Chart Outlook & Technical Picture
(Visualized as a daily BTC/USDT chart with Fibonacci overlay)
1. Fibonacci Levels (Measured from $104,500 swing low to $123,091 ATH)
0.236 retracement: $118,900 – acting as immediate support.
0.382 retracement: $116,800 – medium-term defense zone.
0.618 retracement: $112,700 – last stronghold before trend reversal.
Fibonacci extensions show 1.272 at $126,800 and 1.618 at $131,900, marking potential upside targets if breakout sustains.
2. Key Technical Observations
MACD: Strong positive divergence; momentum still favoring buyers.
RSI: Hovering near 68, suggesting strength but nearing overbought zone.
Volume Profile: Highest liquidity cluster between $119,000–$120,500, making this a pivotal zone for bullish defense.
3. Support & Resistance Zones
Support: $119,000 (psychological + 0.236 Fib), $116,800, $112,700.
Resistance: $122,000, $123,091 (ATH), $126,800 (Fib extension).
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Fundamental Tailwinds
Regulatory Boost:
GENIUS Act signed into law, offering tax clarity for digital assets.
SEC Crypto Task Force formation signals structured oversight.
CLARITY Act in legislative motion to define token classifications.
Institutional Catalysts:
El Salvador’s Investment Banking Law enabling Bitcoin custody by banks.
Retirement account regulation updates allowing BTC allocations.
Market Liquidity:
339.65 BTC net inflows in the last session.
Large-scale accumulation: 982.70 BTC purchased by whales.
Trading Playbook
1. Breakout Strategy
Trigger: Daily close above $122,000.
Entry: Long at $122,200–$122,500 on breakout confirmation.
Targets:
TP1: $123,091 (ATH retest)
TP2: $126,800 (Fib extension 1.272)
TP3: $131,900 (Fib extension 1.618)
Stop-Loss: $118,500 (below key psychological + liquidity cluster).
2. Range Trading
If BTC remains between $119,000–$122,000, trade the range:
Buy dips near $119,200–$119,500 with tight SL at $118,800.
Sell into strength at $121,800–$122,000 with TP back to $119,800.
3. Pullback Accumulation
If price rejects from $122,000 and retraces:
Add longs at $116,800 (0.382 Fib) and $112,700 (0.618 Fib).
These levels historically attract long-term buyers.
Risk Management
Limit allocation per trade to 2–3% of total capital due to potential volatility spikes from ETF inflow news and regulatory updates.
Monitor long-short ratio (currently 59.53 bullish bias) to gauge crowding risk.
Be ready to scale out partial profits at Fibonacci targets.
Sentiment & Market Psychology
Community sentiment is overwhelmingly bullish at 90.53%, but history warns against overexuberance. While fundamentals and technicals align for further upside, a short-term consolidation is probable before BTC makes another push toward uncharted territory.
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📊 Summary Table – Bitcoin Tactical Zones
Action Zone Price Level Strategy
Strong Support $119,000 Range buy / SL below $118,500
Breakout Entry $122,200–$122,500 Long to ATH and Fib targets
Pullback Buy $116,800 / $112,700 Accumulation zones
Upside Target $126,800 / $131,900 Fib extension profits