Rectangle Consolidation + Bull Trend = BTC Setup for ATHYesterday, Bitcoin dipped and recovered again, following last week's sharp spike down, triggered by the $9B Galaxy Digital sale on behalf of a Satoshi-era investor.
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🧠 Why is this important?
Despite being one of the largest BTC sales in history, the move only caused a temporary spike down.
That’s a clear sign of market strength and strong interest on dips.
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📉📈 Current Technical Context:
• If we ignore the spike, price is consolidating in a tight rectangle
• That’s typically a continuation pattern
• The broader trend remains strongly bullish
📌 Put all of that together, and we have at least 3 reasons to expect upside continuation
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🎯 Key Levels:
• Break + daily close above $120K → likely leads to a new ATH and a potential test of $130K
• Invalidation only comes with a break below $114K
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Conclusion:
BTC just absorbed a massive $9B sell without blinking.
As long as $114K holds, I'm bullish and expecting continuation.
Next leg could (and I hope it will) be explosive. 🚀
