#bitcoinrises23.6%weekly
đš BITCOIN JUST HAD A MONSTER WEEK â WHAT COMES NEXT? đš
đ„ Bitcoin delivered one of its strongest weekly rallies in years, climbing roughly 23.6% from around $62K toward $79.5K before cooling back near the $77Kâ$78K zone.
But after a move this explosive, the real question is: Can BTC keep running, or is a pullback coming first? đ
đ° What fueled the rally?
đșđž Treasury Boost: U.S. Treasury buybacks reportedly increased from $2B to $4B, helping push long-term yields lower. Falling yields can improve the appeal of risk assets like BTC.
đŠ ETF Demand: Spot Bitcoin ETFs saw roughly $1.92B in weekly inflows, showing strong institutional appetite.
đ„ Short Squeeze: Around $2.7Bâ$3.5B in short positions were wiped out, adding extra fuel to the upside.
â ïž But here's the dangerâŠ
Bitcoinâs daily RSI has climbed above 80, signaling an overheated short-term market. Meanwhile, $77Kâ$79.5K remains an important resistance zone.
đŻ A weekly close above roughly $81.8K could make the bullish breakout scenario much stronger.
đ Eyes on the next catalysts:
âą Jackson Hole đŠ
âą Core PCE inflation đ
âą Nvidia earnings đ»
âą Geopolitical & oil developments đđąïž
đ„ The big question:
Is Bitcoin preparing for another leg higherâŠ
or will the market shake out late buyers before the next move? đđđ
#BTC #Bitcoin #Crypto #Trading #Investing $BTC $ETH $SOL
đš BITCOIN JUST HAD A MONSTER WEEK â WHAT COMES NEXT? đš
đ„ Bitcoin delivered one of its strongest weekly rallies in years, climbing roughly 23.6% from around $62K toward $79.5K before cooling back near the $77Kâ$78K zone.
But after a move this explosive, the real question is: Can BTC keep running, or is a pullback coming first? đ
đ° What fueled the rally?
đșđž Treasury Boost: U.S. Treasury buybacks reportedly increased from $2B to $4B, helping push long-term yields lower. Falling yields can improve the appeal of risk assets like BTC.
đŠ ETF Demand: Spot Bitcoin ETFs saw roughly $1.92B in weekly inflows, showing strong institutional appetite.
đ„ Short Squeeze: Around $2.7Bâ$3.5B in short positions were wiped out, adding extra fuel to the upside.
â ïž But here's the dangerâŠ
Bitcoinâs daily RSI has climbed above 80, signaling an overheated short-term market. Meanwhile, $77Kâ$79.5K remains an important resistance zone.
đŻ A weekly close above roughly $81.8K could make the bullish breakout scenario much stronger.
đ Eyes on the next catalysts:
âą Jackson Hole đŠ
âą Core PCE inflation đ
âą Nvidia earnings đ»
âą Geopolitical & oil developments đđąïž
đ„ The big question:
Is Bitcoin preparing for another leg higherâŠ
or will the market shake out late buyers before the next move? đđđ
#BTC #Bitcoin #Crypto #Trading #Investing $BTC $ETH $SOL
