On the weekly chart, Bitcoin is currently consolidating around 114,900 – 115,000 USD, maintaining a series of higher lows since the beginning of the year. Despite a short-term pullback from the 117,500 USD peak, the broader trend stays intact as price holds above the Ichimoku cloud, supported by consecutive Fair Value Gaps (FVGs).
Technically, the 110,000 – 112,000 USD zone remains a critical support wall. As long as this range is not breached, a retest of 120,000 USD is only a matter of time. A decisive breakout above that level could unlock room for an extension toward 130,000 USD in the medium term.
From a macro perspective, the market is drawing strength from expectations that the Federal Reserve may begin its rate-cut cycle in September, which could boost capital inflows into risk assets like cryptocurrencies. At the same time, Bitcoin spot ETFs continue to attract steady inflows, reflecting sustained institutional confidence and reinforcing the long-term bullish outlook.
Stay sharp, the next big move might come sooner than we think.
Technically, the 110,000 – 112,000 USD zone remains a critical support wall. As long as this range is not breached, a retest of 120,000 USD is only a matter of time. A decisive breakout above that level could unlock room for an extension toward 130,000 USD in the medium term.
From a macro perspective, the market is drawing strength from expectations that the Federal Reserve may begin its rate-cut cycle in September, which could boost capital inflows into risk assets like cryptocurrencies. At the same time, Bitcoin spot ETFs continue to attract steady inflows, reflecting sustained institutional confidence and reinforcing the long-term bullish outlook.
Stay sharp, the next big move might come sooner than we think.
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👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
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👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.