Bitcoin is once again at a crossroads. With price consolidating in a tight range and macro uncertainty brewing, the million-dollar question is: Are we heading toward $100,000… or another painful correction?
Here are my top 3 indicators I’m watching closely before making my next move:
1. 200-Week Moving Average (WMA)
Historically, the 200WMA has been a strong long-term support zone for BTC. Currently, BTC is hovering just above it, which is often seen as a bullish sign. A sustained break below it, however, could signal further downside.
✅ Bullish if: Price holds above
❌ Bearish if: Weekly candle closes below with volume
2. Bitcoin Dominance (BTC.D)
BTC.D shows us how much capital is flowing into Bitcoin relative to altcoins. A rising BTC dominance usually signals market confidence in BTC, often preceding strong bullish moves. Right now, it’s ticking up—suggesting money is rotating back into BTC from riskier assets.
📈 Higher BTC.D = bullish BTC
📉 Falling BTC.D = risk-on altcoin play or market weakness
3. On-Chain Whale Activity
Large holders (whales) have a disproportionate influence on BTC’s price. According to recent data from Glassnode, wallets holding over 1,000 BTC are quietly accumulating again—an encouraging signal.
🐋 Accumulation = smart money buying dips
🐋 Distribution = caution ahead
Final Thoughts
While no indicator guarantees future performance, these three have consistently offered early clues to Bitcoin’s major moves. BTC is still king—and as long as key support holds, $100K is not out of the question. But stay alert: any major breakdown from these levels could open the door to new lows.
🚨 Remember: Always DYOR. Use indicators as tools—not gospel.
#BitcoinAnalysis #CryptoSignals #BullorBear #CryptoTrading #OnChainData
