Bitcoin (BTC), the leader of the cryptocurrency market, stands at a critical technical and economic turning point. With recent global economic changes and the continued flow of liquidity through exchange-traded funds (ETFs), everyone is asking: Are we on the verge of an upcoming price surge?
📊 Current data and indicators:
Foundational support: On-chain data shows that whales and long-term investors continue to accumulate the coin, forming a strong support wall that prevents a sharp decline.
Technical analysis: The price is currently moving in a consolidation phase, waiting for sufficient buying momentum to break through major psychological and technical resistance levels. A successful breakout could quickly open the door to testing unprecedented highs.
💡 Advice for traders:
Sticking to risk management and monitoring weekly candle closes above key support levels is the key to accurately identifying the next direction.
What is your expectation for Bitcoin's next move?