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- BTC posts record weekly close at $123,500.
- Futures flow and P/L metrics confirm bullish pressure.
- Short-term outlook favors momentum continuation or mild pullback.
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Bitcoin (BTC) capped its strongest weekly close ever at $123,500 on Sunday, edging closer to its all-time high of $125,800. Analysts highlight that key on-chain and derivatives metrics point to a healthy and sustainable bullish trend, suggesting BTC may continue its journey into uncharted price territory.
Bulls Maintain Structural Dominance
Bitcoin’s structural momentum remains decisively bullish. Researcher Axel Adler Jr. noted BTC is pressing against the upper boundary of the 21-day Donchian channel near $125,200. The structure shift composite remains elevated at +0.73, signaling strong buyer control and measured pullbacks. The $125,000 ATH zone now stands as a critical test, with the market likely to either extend higher or pause for consolidation.
Futures Flow Index and Profit Signals Support Uptrend
The Bitcoin futures flow index, currently at 96%, indicates strong bullish pressure, with BTC trading well above its 30-day fair value of $117,500. High readings like this often precede short-term cooling phases as futures activity stabilizes before further continuation. Meanwhile, the Profit/Loss Block score is at +3, showing most UTXOs are in profit. This environment encourages risk-taking and dip buying, reinforcing BTC’s upward momentum.
Short-term holder MVRV levels are approaching the +1 band near $133,000, hinting at potential resistance as profit-taking intensifies. Maintaining P/L momentum above the 90th percentile will be essential to prevent divergence and trend fatigue.
Short-Term Outlook: Momentum or Mean Reversion?
Bitcoin faces two potential near-term paths. One scenario favors a momentum-based breakout, where BTC consolidates between $122,000 and $124,000 before gradually pushing toward new highs. This would extend its price discovery phase while maintaining bullish strength.
Also Read: Bitcoin Soars Past $125K as $3.2B ETF Inflows Ignite Institutional Buying Frenzy
Alternatively, a mean reversion could bring a corrective retest toward key four-hour EMAs and the $118,500–$120,000 liquidity zone. Such a pullback would reset short-term leverage, rebuild demand, and preserve structural integrity, provided support above $118,000 holds.
Overall, Bitcoin’s recent record close underscores a bullish structural framework. Whether through slow compression or brief corrective dips, the trend bias remains upward, suggesting BTC is poised to continue exploring new price heights.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
