đ Bitcoin Blasts Past $116K Again!
Bitcoin reclaimed the $116K zone, echoing yesterdayâs surge.
⢠New High: $116,868 â top of this cycle.
⢠24h Gain: +4.41%, crushing bears.
⢠Volume: 25,910 BTC traded â whales still hungry.
đĽ Technical Snapshot:
â Broke out of tight $110,500 range on vertical volume.
â Riding above MAs (5 & 10), momentum alive.
â Holding ~6.74% above last base â shows strength, not exhaustion.
⥠Volatility Pulse:
Volatility is opportunity: Breakouts this explosive often precede either an extension to $120K+ or a liquidity flush down to retest supports at $113K-$114K.
Watch the reaction around $116K: flipping it into strong support could kickstart a parabolic leg.
If volatility squeezes again with low volume, expect a trap â either for late longs or shorts.
Intraday swing from $110,500 â $116,800, a fast ~5.7% move â volatility roaring back.
Long wicks & quick retraces = classic whale liquidity grabs.
đ§ Next Levels:
â Above $116K? Sets up run to $120K+.
â ď¸ Below $115K? Eyes on $112K-$113K support.
đĽ Sentiment Shift:
Fear turning into FOMO. Institutions likely absorbing retail sell-offs, prepping for the next leg.
đ˘ What It Means:
Volatility = opportunity. Explosive moves like this either break higher or flush to trap late entries. Watch volume â low volatility after spikes often means a setup.
đď¸ Key Takeaway:
Bitcoin isnât just touching $116K, itâs trying to build a new floor. This is structured accumulation. If volume stays hot, the next ATH run could already be loading.
đŞ In short:
Bitcoin didnât just touch $116K â itâs now building a new floor there. This isnât hype; itâs structured accumulation. If volume stays high, the next ATH run could already be brewing
