Bitcoin’s Calm Before the Storm: ETF Tsunami Looms as Consolidation Holds
Bitcoin's price stability isn't boredom—it's the eerie quiet before an institutional flood.
The ETF effect: Wall Street's ticking time bomb
Nine-figure inflows lurk beneath BTC's sideways action as TradFi giants quietly accumulate. BlackRock's crypto vault now holds more BTC than MicroStrategy—but they'll still call it 'alternative exposure' over martinis.
When the dam breaks
Post-halving supply crunch meets ETF demand surge in what analysts call 'the most predictable squeeze since GameStop.' Retail traders eyeing $100k targets might be lowballing it.
The cynical take: Banks spent years fighting crypto only to launch products that... require holding crypto. Peak finance moment.
Bitcoin price technical analysis
The daily chart shows that the Bitcoin price made a strong bullish breakout this week, reaching its all-time high. This breakout happened after it spent months forming an inverse head-and-shoulders pattern, a cup-and-handle, and a bullish flag.
Bitcoin has now lost momentum and is consolidating in a tight range. It has formed a bullish pennant pattern, a popular continuation sign in technical analysis. This pattern consists of a vertical line and a triangular pattern.
BTC remains above the 50-day and 100-day moving averages, while the Supertrend indicator is green. Therefore, it will likely continue rising as bulls target the all-time high of $123,000.
A MOVE above that level will likely indicate further gains, potentially reaching $125,000.
