#BTC Can Bitcoin do it? Weekly Close above ~$119200 kicks | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#BTC 
Can Bitcoin do it?
Weekly Close above ~$119200 kickstarts the breakout from this Bull Flag
In which case turning ~$119200 into support via a retest could occur next week (maybe even via a wick)
However, for the moment BTC needs to avoid an upside wick beyond the Bull Flag Top resistance otherwise price would stay in the Range
$BTC #Crypto #Bitcoin 

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Eternel insatisfait

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#BTC After having successfully held the Range for multiple weeks... Ultimately BTC turned the Higher Low into resistance and shortly after the Range Low was also flipped into resistance to confirm a breakdown into the CME Gap The CME Gap has since been filled completely $BTC #Crypto #Bitcoin

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$BTC's volume chart shows a few volume spikes here and there for this cycle, but we've seen nothing crazy just yet. Especially compared to the 2022 bear market, the volumes aren't that much higher. I think there is a case to be made for ETFs and other products also taking some market share in volumes here. But regardless, I still think we're yet to see some big volume spikes this year. #SECProjectCrypto

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$BTC Retested close to its range low yesterday post FOMC but ended up making a higher low. There's a lot of marginally lower highs right above with plenty of liquidity sitting there in the form of short stops & liquidation levels. Overall, price is still just ranging. But it's clear where the liquidity lies in the short term. Would expect all of these white dotted lines to get taken out once one of them breaks. But for the time being, there seems to be strong supply coming in above $118K. Might take some time to chew through that.

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L'évolution du #Bitcoin à 118K$ révèle une structure de marché fondamentalement différente du cycle de 2021 : Les Long-Term Holders (LTH) détiennent ~15,59M $BTC, proche des records historiques, témoignant d'une conviction structurelle forte. Les Short-Term Holders (STH) ne concentrent que ~4,31M BTC, un niveau inhabituellement bas pour cette phase, bien en-dessous des pics de 2021 (~6.59M BTC). Cette dynamique haussière est alimentée par l'accumulation institutionnelle plutôt que par la spéculation de masse. L'absence d'euphorie retail et la faible distribution chez les détenteurs court terme suggèrent une base plus solide, portée par des acteurs pros avec des horizons longs. 👉 Un rally structurellement différent, moins spéculatif mais potentiellement plus durable.

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#BTC Bitcoin continues to simply hold its Range Low (blue) and Higher Low (black) as support The Range-bound movement continues $BTC #Crypto #Bitcoin

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