Bitcoin is currently trading in a consolidation range of ( $113,000 - $119,000 ) as competing forces shape its trajectory.


🚀Support from the Organization:
- Corporate buying activity remains strong (Strategy Inc. holds 607 thousand$BTC)
- The UK's retail ETN access in October could bring in over $4 billion in new capital
- Clarity in regulations has improved with proposals for the structure of the U.S. market.
❌ Challenge:
- The inflow of ETF capital has slowed down significantly (-53% since month 5)
- The technical indicators show a downtrend (RSI 39.89, MACD -1.038)
- The high interest rates of the Fed (5.25%-5.5%) continue to put pressure on risky assets
🔔 Important Levels to Monitor:
- Resistance level: $119.364 (Fib 23.6%)
- Support: $113,330 (Fib 61.8%)
- Important exchange: $99,570 (EMA 200 days)
❓ Market Question:
Will the retail demand in Asia ( driven by Japan's tax reforms ) be able to offset the slowdown of investment flows from the West?
👉 The next big move may depend on whether BTC can hold above $113,000 or break through the resistance level of $119,000. Where do you predict the price will go from here?
BTC-0.2%
LA-7.91%
ETN3.63%
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