Bitcoin's Price Surge: A Historic Moment? Traders Rush to Secure BTC Positions
This article delves into the recent fluctuations in Bitcoin's price and examines various technical indicators, including Moving Averages and Candlestick patterns.
Bitcoin has swiftly bounced back following a sell-off over the weekend. This price stability for BTC USD amid global turmoil highlights a strong demand. Increasingly, institutional investors, governments, banks, and businesses are acquiring Bitcoin, while retail buyers are eager to enter the market.
The amount of Bitcoin held on exchanges has decreased by 800,000 from June 2024 to now, with about 177,000 BTC mined over the past year.
#Bitcoin MVRV Z-Score – arguably the key on-chain metric – reveals our position in the BTC market cycle. The MVRV indicates the difference between Bitcoin’s market cap and its realized cap, helping to normalize values.
— Stockmoney Lizards (@StockmoneyL) June 24, 2025
The tweet emphasizes that since many investors are not overwhelmingly profitable, selling pressure remains comparatively low as the bull run progresses. The fundamentals appear solid, prompting a shift to technical analysis.
Is Bitcoin Rush Displayed On the Charts?
Bitcoin’s upward trend continues on a weekly basis. Key levels such as $110,000 remain resistance, while a potential double top pattern could develop. Current support at $100,000 is holding strong.
BTC USD Forms a Bull Flag on The Daily Chart?
In the daily chart, we identify two FVG gaps, with one having been breached multiple times. The current action suggests that it could take some time for these patterns to play out.
However, it remains under moving averages, indicating potential volatility ahead. Spearheaded by the bull flag pattern, further upward momentum is expected.
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