$BTC Technical Overview (Technology)
Most analysts point out that Bitcoin has surpassed its previous highs of ~$111,000, and is currently trading above $118,000, indicating a continuation of the upward momentum.
The Cup-and-handle pattern is visible on the chart, which is typically used to predict an additional upward wave towards ~$134,000 (+14%).
A Bull flag pattern has also formed, leading some to expect potential jumps that could reach ~$140,000 (+30%).
Indicators like MACD and RSI show positive signals, despite warnings that the market is in a high trading volume area and may experience volatility.
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🌍 Fundamental Factors
Institutional Support: Strong inflows into Bitcoin funds via ETFs, reaching over $1.18 billion in a single day, with total inflows of $51 billion in 2025.
Corporate Adoption: More than 130 public companies hold 3.2% of the total supply, including MicroStrategy with approximately 600,000 coins.
Political and Regulatory Support: Establishment of a strategic reserve in the White House and favorable winds due to laws like the Genius Act, as well as clear statements from the Trump administration.
Old Wallet Movements: Awakening of wallets that are 14 years old containing more than 20,000 coins has created a buzz in the market.
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🛠 Price Movement Predictions and Capabilities
Time Frame Expected Support Potential Resistance Outlook
Today/Week ~$115,000–$116,000 ~$118,500–$119,000 Technical resistance within a corrective movement
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