Alright, Bitcoin just gave the markets a big ol’ middle finger after all that weekend chaos.
You know, when Trump dropped that surprise EU tariff bomb and everyone lost their minds?
Yeah, well, Bitcoin didn’t flinch. It bounced back, clawing its way up to nearly $110,000 like a champ. And now? The next big target, $112.000, is staring us right in the face.
Forward
Bitcoin’s been playing a classic game, the double bottom pattern. Picture this, the price dipped twice, around $106,800 on May 23 and $106,600 on May 25, like a boxer taking two punches but refusing to go down.
Then it found its footing and broke through the $109,000 neckline. That’s the moment the crowd goes wild, a breakout with volume that says, hey, we mean business.
CryptoQuant, the wise guys watching the charts, say this pattern is a pretty strong bullish signal. It’s like the market telling us, enough selling already, buyers are taking over.
But don’t get cocky, not every pattern plays out like a Hollywood ending. You gotta know your risks, you know that, right?
Signs
Now, beneath the surface, there’s a quiet war raging. Retail investors? They’re nervous, selling off some coins, probably trying to play it safe.
The Taker Buy/Sell Ratio dropping below 1.0 screams paper hands, retail selling. But here’s the point, big players, the whales, the smart money, they’re quietly scooping up Bitcoin, pulling coins off exchanges faster than you can say HODL.
Exchange netflows are negative, meaning more BTC is leaving exchanges than coming in.
No panic, no mass dumping, just a stealthy accumulation. That’s signal. Doomsaying is nothing but noise.
Ready or not
This tug-of-war? It’s like a chess match. If Bitcoin can hold its ground while retail sellers keep pushing, we might just see a short squeeze that sends prices up.
The smart money’s playing the long game, and if you ask me, that’s a reason to sit up and pay attention.
Bitcoin’s gearing up for a move, and $112,000 is the next battleground. And if you’re in this game, you better be ready for the ride.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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