Bitcoin has now cleanly broken above the $110K resistance zone with strong follow-through. The move invalidates the local double top concerns and confirms that bull market structure remains intact.
The previous horizontal resistance has now flipped into support. We’re seeing a textbook bullish continuation.
The Supertrend indicator (green band) has remained bullish since early 2023 and is now widening, confirming trend acceleration. The last time we saw a similar extension was before the parabolic move in late 2020 - 2021. The current setup still flashes Buy, meaning there is no reason to fade the trend yet.
My targets for BTC are:
🔹 $135,000
🔹 $145,000
🔹 $157,000 - $160,000 (cycle top region)
Expect consolidation, but the next impulse wave should send BTC toward $135K in the coming weeks, especially if global liquidity continues to rise (it will, no doubt)
A lot of people are talking about a Supercycle and targets like $300K to $1 million. If you believe in that, that’s your choice. But I’m not here for dreams - I’m here to take profits and spend them on my family and mistresses. Joke. I don't have a family anymore. My wife was bitch. Ok, let's go back to the analysis.
Unrealized gains aren’t real profits.
I’ll buy back BTC during the next bear market - but up here, near the cycle top, I’m securing those profits. Always pay yourself first. Nothing beats locking in gains that are already in your pocket.
🔹 Global M2 Liquidity is expanding, especially with Asia easing and the Fed hinting at rate cuts later in 2025.
🔹 BTC ETFs continue to attract institutional inflows, and macro traders are rotating out of fiat & bonds into hard assets.
🔹 Geopolitical risk and increasing sovereign debt levels fuel BTC’s digital gold narrative.
BTC is in full bull mode, supported by strong structure, clean technicals, and solid fundamentals. No major red flags yet. Only invalidation would come if we lose $110K again - until then, dips = opportunities.
✅ Trend: Bullish
✅ Supertrend: Green - intact
✅ Next Targets: $135K → $145K → $160K
⚠️ Risk zone: Only below $110K
📅 Expected continuation: Late July into August
The previous horizontal resistance has now flipped into support. We’re seeing a textbook bullish continuation.
The Supertrend indicator (green band) has remained bullish since early 2023 and is now widening, confirming trend acceleration. The last time we saw a similar extension was before the parabolic move in late 2020 - 2021. The current setup still flashes Buy, meaning there is no reason to fade the trend yet.
My targets for BTC are:
🔹 $135,000
🔹 $145,000
🔹 $157,000 - $160,000 (cycle top region)
Expect consolidation, but the next impulse wave should send BTC toward $135K in the coming weeks, especially if global liquidity continues to rise (it will, no doubt)
A lot of people are talking about a Supercycle and targets like $300K to $1 million. If you believe in that, that’s your choice. But I’m not here for dreams - I’m here to take profits and spend them on my family and mistresses. Joke. I don't have a family anymore. My wife was bitch. Ok, let's go back to the analysis.
Unrealized gains aren’t real profits.
I’ll buy back BTC during the next bear market - but up here, near the cycle top, I’m securing those profits. Always pay yourself first. Nothing beats locking in gains that are already in your pocket.
🔹 Global M2 Liquidity is expanding, especially with Asia easing and the Fed hinting at rate cuts later in 2025.
🔹 BTC ETFs continue to attract institutional inflows, and macro traders are rotating out of fiat & bonds into hard assets.
🔹 Geopolitical risk and increasing sovereign debt levels fuel BTC’s digital gold narrative.
BTC is in full bull mode, supported by strong structure, clean technicals, and solid fundamentals. No major red flags yet. Only invalidation would come if we lose $110K again - until then, dips = opportunities.
✅ Trend: Bullish
✅ Supertrend: Green - intact
✅ Next Targets: $135K → $145K → $160K
⚠️ Risk zone: Only below $110K
📅 Expected continuation: Late July into August
MM
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.