BTCUSDT maintains its bullish momentum despite Galaxy Digital offloading 80,000 BTC (worth ~9 billion USD). Price only saw a slight dip before bouncing back quickly, signaling strong demand and a more mature market sentiment.
Citi analysts point to ETF inflows and retail participation as the primary drivers of BTC’s rally, even as investors remain cautious ahead of the Fed’s rate decision.
On the daily chart, BTC continues to trade within an ascending channel, with the 116,200 zone acting as a potential buy area on any pullback. The next target is set at 129,500 USDT, aligning with the channel’s upper boundary and technical resistance.
Suggested strategy: Look to buy near 116,200–117,000. Target 129,500. Stop-loss below 115,000.
Citi analysts point to ETF inflows and retail participation as the primary drivers of BTC’s rally, even as investors remain cautious ahead of the Fed’s rate decision.
On the daily chart, BTC continues to trade within an ascending channel, with the 116,200 zone acting as a potential buy area on any pullback. The next target is set at 129,500 USDT, aligning with the channel’s upper boundary and technical resistance.
Suggested strategy: Look to buy near 116,200–117,000. Target 129,500. Stop-loss below 115,000.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.