Engr_Umer

The current #Bitcoin market analysis Bitcoin is trading around $114,000–$115,000**, showing signs of consolidation after peaking at an all-time high of $123,000 in July.
#Short -term holders** have reduced profit-taking activity, indicating a more balanced market sentiment.
- **Institutional interest remains strong**, with major players like pension funds and asset managers increasing exposure through ETFs and direct holding.
**#Technical #Analysis
- **Support Levels**: $113,000 is holding firm; a breakdown below $109,000 could trigger a correction.
#Resistance Levels**: $115,500 is key; a breakout could push prices toward $120,000–$125,000.
Risk Zone**: $105,000 is flagged as a potential bull trap due to high leverage and past accumulation.
Indicator
- RSI is approaching bullish territory.
- 50-day and 200-day moving averages show a bullish structure.
- Ascending triangle pattern suggests potential breakout toward $131,000–$138,000

### 🏦 **Institutional & Macro Trends**
- **Satsuma Technology** raised $218M in BTC-denominated funding, signaling confidence in long-term Bitcoin strategy.
- **Global macro factors** like interest rate cuts and inflation are pushing investors toward risk assets like Bitcoin.
- **ETF activity**: Despite recent outflows, some funds (e.g., Michigan State Retirement System) are increasing Bitcoin ETF holdings.

Market Sentiment & Caution
Fear & Greed Index** has cooled from “Extreme Greed” to neutral, suggesting reduced speculative pressure.
- Veteran trader **Peter Brandt** warns against viewing Bitcoin as a financial cure-all, emphasizing its role as a speculative asset.