Market Dynamics and Trend
Current price is around $118,558, +1.18% per session. Daily range: $116,468 – $118,655.
The trend remains bullish despite the consolidation period below $120,000. Institutional interest and stable buying pressure support further gains.
Important signals and levels
A large purchase of 274 BTC (~$32 million) is a signal of large institutional demand, which often precedes volatility spikes. Monitor funding dynamics and volumes.
Capital activity - BTC is held above $114,500 due to inflows into crypto instruments; this strengthens the bullish sentiment.
Cup and Handle Pattern + Bullish MACD - Technical analyst Katie Stockton expects a raid to $134,500 (~14% upside from current levels) due to a breakout of a new ATH.
Current price is around $118,558, +1.18% per session. Daily range: $116,468 – $118,655.
The trend remains bullish despite the consolidation period below $120,000. Institutional interest and stable buying pressure support further gains.
Important signals and levels
A large purchase of 274 BTC (~$32 million) is a signal of large institutional demand, which often precedes volatility spikes. Monitor funding dynamics and volumes.
Capital activity - BTC is held above $114,500 due to inflows into crypto instruments; this strengthens the bullish sentiment.
Cup and Handle Pattern + Bullish MACD - Technical analyst Katie Stockton expects a raid to $134,500 (~14% upside from current levels) due to a breakout of a new ATH.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.