$BTC/USD(BTCUSD.HAS)
🏆 [Weekly] Bitcoin updates: BTC Gearing Up for Its Next Big Move?
Bitcoin hit a local peak near $87,300 and consolidates around $84,600 now. Short-term profit taking has slowed the rally but the bigger picture stays bullish.
📊 Technicals Snapshots
• Daily Chart: RSI cooled to ~65 , healthy, uptrend still intact
• 4-Hour Chart: Tight flag forming. Support $83,500–$84,000, resistance $85,000–$85,600
🔗 On-Chain & Fundamentals
• Supply Squeeze: $3 billion worth (31,800 BTC) left exchanges last week. Less available to sell means upward pressure
• Whales Buying: Large holders with 100–1,000 BTC keep accumulating
• Record ETF Inflows: U.S. spot Bitcoin ETFs took in over $2.4 billion. It is the strongest week since Oct 2025.
Ethereum and Solana ETFs also saw big money, showing broad institutional trust.
⏰ KEY MARCO WATCH
Keep an eye on U.S. NFP and unemployment figures coming out. Strong jobs data could shift Fed rate expectations and impact crypto momentum.
💡 What’s Next?
Institutions are soaking up supply. A clear break above $85,600 could open the way to $90,000 and higher.
What is your BTC target this week? Let’s discuss.👇
Not financial and investment advice. Always Do your due diligence ☺️.
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