Bitcoin $BTC has been holding steady this past week, trading sideways between $116K and $120K. Right now, the bulls seem to be in full control — there’s solid strength in the market.
Just like in 2017 and 2021, this type of consolidation could be the calm before the storm. If the pattern repeats, we might see Bitcoin push up towards $175K–$200K within the next 5 to 6 months.
🔸 Resistance: Around $125K, based on the Head & Shoulders (H&S) breakout target. After that, there's almost no strong resistance — it's open air.
🔸 Support Zones: First strong support is $116K, then $110K if there's a deeper pullback.
✅ MACD is still showing strong momentum, meaning the trend is intact.
✅ RSI is at 71, which is slightly overbought, but during parabolic runs, BTC can go as high as 85–90 RSI, so this isn't necessarily a warning sign yet.
🧠 Quick Reminder: News can often be used as a tool to create FUD (fear) or FOMO (hype). Big players might use this to shake the market and grab liquidity. So always be sharp around major headlines — don’t trade emotionally.
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🌍 MACRO FACTORS Supporting the Bullish Outlook:
1. Trump just signed the “Big Beautiful Bill”, which could add huge liquidity to the markets.
2. Despite multiple geopolitical shocks, the markets are still at all-time highs — very bullish sign.
3. Tariff scares in Q2 were handled well, and the market bounced back with strength.
4. The Fed is expected to cut interest rates — likely 3 to 4 cuts of 25bps over the next 6 FOMC meetings. Rate cuts usually push assets like $BTC up.
5. Global M2 money supply is climbing again — more money flowing into markets.
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💡My Take: Yes, short-term volatility is still possible, but the bigger picture looks very bullish — especially over the next 6 to 9 months. If there's any panic or dip, I see it more as a buying opportunity, not a reason to exit. $BTC
📅 This Week’s Key Event: • Nasdaq Earnings — Could add more momentum to the overall market trend. #bitcoin #BitEagleNews