Key Takeaways:
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Bitcoin price discovery reached the strongest weekly near $ 123,400.
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Onchain metrics and futures data show prolonged bullish control over $ 122,000.
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Short -term views are divided between a momentum grinding higher or a mean reversion dip.
Bitcoin (Btc) achieved the strongest weekly close to $ 123,500 on Sunday, confirming its entry into a new price discovery phase. As combined closely at all times high (ATH) at $ 125,800, three major onchain and derivative metrics highlighted the health and maintenance of the bullish trend.
Bulls controls Bitcoin’s structural momentum near $ 123,000
The structure of Bitcoin’s momentum remains certainly bullish. Bitcoin researcher Axel Adler Jr. mentioned The price of that BTC remained pressed against the upper border of the 21-day “Donchian” channel ($ 125,200). At the same time, the composite of the shift structure remains elevated to +0.73, an indicator of consumer dominance and controlled pullbacks. Continued fighting around $ 125,000 ATH can determine if the market extends higher or stops for integration.
Futures flow index signal bull pressure
The Bitcoin Futures Flow Index read 96%, with a price of more than 30-day fair value of $ 117,500, is a classic “bullish mode” signal. This setup is often preceded by a short cooling or phase of digestion such as excessive heat activity of futures is stabilized before continuity.
Finally, the profit/loss of the block remains a maximum reading of +3, showing that most UTXOs are in revenue, a condition that maintains strong risk appetite and consistent purchase behavior.
Meanwhile. Maintaining the P/L momentum above the 90 percent will be important to avoid the difference and the fatigue of the trend.
Related: BTC October Price Breakout Odds Low: 5 Things to Know Bitcoin on Sunday
Short -term views: A momentum grind or mean return for BTC?
Bitcoin’s short -term structure has shown two unique continuity scenarios following a weekly record near $ 123,000.
The first scenario favors a momentum -based breakout, where the “high price will remain higher.” In this case, Bitcoin can combine within a narrow range between $ 122,000 and $ 124,000, forming a high-timeframe base as volatility.
Such behavior is usually preceded by gradual expansion, allowing the market to expand the price exploration stage through a slow grinding towards the fresh ones. The sustainable high positioning will confirm this structure as a continuation of bullish rather than a distribution.
Alternatively, a meaning of returning return remains viable. It is involved in a corrective retest towards major transitions of averages to the 4-hour chart, the 50-, 100-, and 200-period exponential transition of averages (EMA) that align with a pocket of liquidity between $ 118,500 and $ 120,000.
A pullback in this zone will reset short-term action, rebuild demand, and maintain structural integrity as much as $ 118,000 will be held as higher support.
Generally, the current market balance has suggested the integration -included within the bullish strength. Whether by stable compression or a brief sweat of liquidity, the broader trend remains upward unless the momentum fractures are under the mid-$ 118,000 region.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
