After 2 months of consolidating within a descending channel, Bitcoin has finally broken out, confirming a major technical breakout and shifting the structure back to bullish. The breakout was followed by a clean retest of the channel resistance turned support, which is now acting as a launchpad for the next leg up.
🧠 Technical Analysis:
Descending Channel Breakout: Price has convincingly broken out of the downward sloping channel, invalidating the bearish structure and flipping it bullish.
Retest Confirmation: The price is currently retesting the upper boundary of the channel — a textbook bullish retest. This confirms buyer strength and shakes out weak hands.
Liquidity Magnet Above 111k: A significant cluster of buyside liquidity sits above 111k. Once that level is breached, expect an explosive acceleration toward 120k.
Measured Move Target: Based on the height of the prior impulse (from April to May), the projected extension points to ~140k.
🌍 Macro & Sentiment Drivers:
ETF Flows & Institutional Demand: U.S. Bitcoin Spot ETFs continue to show consistent inflows, signaling strong institutional accumulation — a major shift in long-term demand.
Fed Pivot Speculation: Expectations for a Fed rate cut later in 2025 are building. Lower interest rates could fuel risk-on sentiment, pushing capital back into crypto.
Big Beautiful Bill: This bill is expected to inject money into the economy, increasing liquidity — ultimately going into crypto. This bill will be signed into law today.
Bullish crypto developments: Settlement of the XRP SEC case, spot crypto ETFs, mainstream crypto adoptions, etc. will all contribute to the bullish sentiment.
🧩 Final Thoughts:
This setup combines strong technical structure, favorable macro tailwinds, and clear liquidity targets. The coming days are critical — if Bitcoin clears 111k cleanly, it could trigger a short squeeze and FOMO-driven rally straight into 120k.
🧠 Technical Analysis:
Descending Channel Breakout: Price has convincingly broken out of the downward sloping channel, invalidating the bearish structure and flipping it bullish.
Retest Confirmation: The price is currently retesting the upper boundary of the channel — a textbook bullish retest. This confirms buyer strength and shakes out weak hands.
Liquidity Magnet Above 111k: A significant cluster of buyside liquidity sits above 111k. Once that level is breached, expect an explosive acceleration toward 120k.
Measured Move Target: Based on the height of the prior impulse (from April to May), the projected extension points to ~140k.
🌍 Macro & Sentiment Drivers:
ETF Flows & Institutional Demand: U.S. Bitcoin Spot ETFs continue to show consistent inflows, signaling strong institutional accumulation — a major shift in long-term demand.
Fed Pivot Speculation: Expectations for a Fed rate cut later in 2025 are building. Lower interest rates could fuel risk-on sentiment, pushing capital back into crypto.
Big Beautiful Bill: This bill is expected to inject money into the economy, increasing liquidity — ultimately going into crypto. This bill will be signed into law today.
Bullish crypto developments: Settlement of the XRP SEC case, spot crypto ETFs, mainstream crypto adoptions, etc. will all contribute to the bullish sentiment.
🧩 Final Thoughts:
This setup combines strong technical structure, favorable macro tailwinds, and clear liquidity targets. The coming days are critical — if Bitcoin clears 111k cleanly, it could trigger a short squeeze and FOMO-driven rally straight into 120k.
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.
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.