Technical Analysis
● BTCUSD has broken above the 119.4k–119.9k support-turned-resistance zone, confirming a bullish channel breakout.
● Structure favors a climb toward the 129.4k resistance, with short-term pullbacks expected to retest the green support band before continuation.
Fundamental Analysis
● ETF inflows hit a 3-month high as institutional interest in BTC strengthens amid rising inflation-hedge demand.
● On-chain metrics show increased miner accumulation, signaling confidence in higher future prices.
Summary
Long above 119.4k. Targets 125k → 129.4k. Setup holds if price remains above 118.5k.
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