
the bullish scenario is still possible for bitcoin:native Bitcoin is holding up well despite negative news and pressure across the whole market here are my bullish takes > whales keep accumulating BTC on the spot market > short term speculation and the crowd of longs have dropped noticeably > the skew toward shorts could fuel a sharp move up > a return of capital inflows into bitcoin etfs would be an additional bullish factor BTC is trading around $77,600 after losing the $80,177 level key levels: > $80,177 is the nearest resistance we need to reclaim > $82,000–82,500 is the next resistance zone > $86,000–88,000 is the upper zone of interest > $64,000–65,500 is an important previous accumulation zone > $60,070 is deeper support until btc reclaims $80,200, it’s way too early to call this a bullish trend but if spot demand recovers, etfs turn positive, and shorts start closing, a move to $85–90k could be very real over these two weeks, we’ll know for sure where the market is headed $80.2K is the level to watch
