🔥 Can Bitcoin $BTC break through the $84,650 wall? What today’s data reveals
Hi, Square community! @Eduar-05 We’re closely monitoring the brutal battle Bitcoin ($BTC ) is fighting in the $84,624 USDT zone. The price is consolidating strongly, and the question everyone in the trading workshop is asking is: Do we have enough strength to break through the current resistance?
Here are the 3 key factors currently tipping the balance:
🐋 Scarcity of institutional supply: Even though the market absorbed the recent hack scare #Bitget thanks to the quick security response, the spot ETF data in the U.S. still shows a record accumulated inflow of $2.39 billion. Institutional whales are locking up market liquidity. There isn’t enough Bitcoin being sold to meet demand, which creates a hidden bullish pressure.
📊 Price compression:
On short timeframes charts (15m and 1h), the moving averages are being squeezed to the limit just above the $84,000 mark. This compression is usually the prelude to a violent breakout. If the bulls can break through the $84,650 level with volume, the path will be completely clear to seek a quick rally toward $86,500 - $87,000.
⚠️ The macroeconomic brake:
The only factor keeping Bitcoin pinned to this range is the performance of U.S. Treasury bonds, which remain elevated. This forces the price to test support again and again before making the final jump.
🎯 My current strategy:
I’m keeping a close eye on key support levels. As long as Bitcoin holds the $83,500 band, the structure remains purely bullish.
We’re ready for the next strong move
! I’ll read you in the comments! 👇
leave that likens👍 follow us for more content
#BinanceSquare #BitwiseFilesFinalNEARSpotETFProspectus #bitcoin #BTC☀️
Hi, Square community! @Eduar-05 We’re closely monitoring the brutal battle Bitcoin ($BTC ) is fighting in the $84,624 USDT zone. The price is consolidating strongly, and the question everyone in the trading workshop is asking is: Do we have enough strength to break through the current resistance?
Here are the 3 key factors currently tipping the balance:
🐋 Scarcity of institutional supply: Even though the market absorbed the recent hack scare #Bitget thanks to the quick security response, the spot ETF data in the U.S. still shows a record accumulated inflow of $2.39 billion. Institutional whales are locking up market liquidity. There isn’t enough Bitcoin being sold to meet demand, which creates a hidden bullish pressure.
📊 Price compression:
On short timeframes charts (15m and 1h), the moving averages are being squeezed to the limit just above the $84,000 mark. This compression is usually the prelude to a violent breakout. If the bulls can break through the $84,650 level with volume, the path will be completely clear to seek a quick rally toward $86,500 - $87,000.
⚠️ The macroeconomic brake:
The only factor keeping Bitcoin pinned to this range is the performance of U.S. Treasury bonds, which remain elevated. This forces the price to test support again and again before making the final jump.
🎯 My current strategy:
I’m keeping a close eye on key support levels. As long as Bitcoin holds the $83,500 band, the structure remains purely bullish.
We’re ready for the next strong move
! I’ll read you in the comments! 👇
leave that likens👍 follow us for more content
#BinanceSquare #BitwiseFilesFinalNEARSpotETFProspectus #bitcoin #BTC☀️
