🚀 Bitcoin in consolidation, heading to $136K if it breaks $123K
📈 BTC is trading near $119,740, after reaching intraday highs of $120,012 with spot ETF flows of almost $1.5B this week, and record inflows today ($799M).
🐋 Whales continue to withdraw BTC from exchanges ($2.25B in 30 days) and accumulating at levels above the cost basis (95th percentile: ~$107,400).
📊 The technical structure shows a 'cup-and-handle' pattern with support at $115,500. Immediate resistance is between $123K–$125K. If it manages to break that range, the next technical target would be $136,000.
⚠️ Key fact: metrics like MVRV suggest that the market is not overcompressed, leaving room to extend this last phase of the rally.
👇 Are you ready to react if BTC surpasses $123K?
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