Bitcoin price consolidation and bullish oncetting data will indicate new all-time highs by next week.

Most important snack:

• Bitcoin’s Cap realized has grown by April 20 by $ 30 billion, which is reflected in the trust of investors and the new capital inflows.

• A Bitcoin price consolidation pattern predicts a potential outbreaks of 10%by next week.

Bitcoin (BTC) continues to show strong bullish dynamics, as new price levels of fresh capital -inflows signal potential prices for new prices in the coming week. In an X -Post, Glassnode reported that Bitcoin’s realized CAP, which measures the total value of BTC based on the price, to which each coin was recently moving, grew by 30 billion US dollars since April 20 and grew in May with a monthly price of 3%. The current realized upper limit is 900 billion US dollars.

Although this slower than the 8% spike at the end of 2024, when BTC achieved 93,000 US dollars, this growth reflects the constant trust of investors and the new capital in the market.

In addition to the optimism, Glassnode resulted in a significant change in market dynamics. The 7-day simple sliding average (SMA) from Bitcoin’s Spot Volume Delta turned positively and reached $ 5 billion on May 13th.

This aggressive net -spot buyer -demand, which was only highlighted this year as highlighted this year, confirms a strong condemnation of the spot market behind Bitcoins recent push about the psychological resistance of $ 100,000. The increase in the Spot purchase pressure indicates that institutional and retail investors drive the rally and not just the trade in use.

Despite the slower realized cap growth compared to 50 billion US dollars from the late 2024 tips, the current market mood is still positive.

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Will Bitcoin win 10% by next week?

Bitcoin has shown a constant consolidation and expansion trend since it formed a low point of 74,500 US dollars at the beginning of April. In the past four weeks, a pattern has appeared in which Bitcoin meets a key level every time Bitcoin hits and moves it to the side before it breaks out to a higher area. This pattern has repeated itself twice, with a third consolidation being underway.

Each phase followed a similar structure and formed higher upper and lower areas. The lower area is usually tested at least once before Bitcoin presses new heights. The relative strength index (RSI) supplemented this price campaign and has reached an overbought level while new highs reached and dropped to around 50 during the side movement.

Bitcoin currently consolidates between an upper range of $ 105,700 and a lower range of $ 100,678. If the pattern applies, Bitcoin can test the level of $ 100,000 to $ 102,000 before it may break into over $ 110,000. However, bearish invalidity can occur if the prices fall below 102,000 US dollars and do not recover quickly.

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This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.