📊 Bitcoin recently secured its highest weekly close ever above $107K, hinting at a new ATH this month. But the bears aren’t giving up — BTC now trades below the previous day’s open, sparking fears of a deeper correction.
💥 A fierce battle between bulls and bears is unfolding as BTC enters a key liquidity zone. Whales initially boosted the rally with high-leverage longs — but now, profit-taking has begun. One Hyperliquid whale cashed in $10M in 24 hrs, yet still holds a massive $337M long, signaling ongoing conviction.
📉 Technicals show falling On-Balance Volume, pointing to increased selling. However, BTC is still above key support, and the 50/200-day MA golden cross is nearing — a classic bullish signal.
🧐 If the Golden Cross confirms and BTC reclaims momentum, a breakout to $110K+ is on the table. But if BTC loses grip below $102K, a correction phase may unfold before any new highs.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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