🦉 Bitcoin Supply on Exchanges is Falling

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

DEGEN PLAYS
GAINERS & NEWBIES 👀

MAC’S VEVE & NFT
PREDATOR VS. SPIDER-MAN 

DK’S CHART OF THE DAY
BTC USDT PERPETUAL 1 DAY 🔬

Over the past week, Bitcoin has shown notable strength, rebounding significantly from the local low of $74,500. This 25% rally over 19 days has propelled BTC back into the upper portion of its broader trading range, which spans from approximately $91,100 at the lower boundary to around $106,150 at the upper resistance.

While the recent move is undeniably bullish, BTC is now approaching a confluence of key technical levels that could pose significant resistance. Just above the current price, we’re coming into the Point of Control (POC) of this range at $95,750, historically the most traded price within this structure. Adding to the technical confluence is the macro golden pocket retracement, which BTC is now testing from below. 

This level coincides with horizontal resistance, as well as several high volume nodes, forming a dense zone of supply between $95,700 and $98,300.

This area represents a critical inflection point. Should BTC break cleanly through this region and reclaim it as support, the bullish case strengthens significantly, opening the door for a potential retest of all-time highs. However, if this zone rejects price action, it could set the stage for a macro lower high, a pattern that would only be confirmed if BTC subsequently breaks below April’s low.

In such a scenario, downside continuation becomes more likely, especially for altcoins, which remain vulnerable to broader market sentiment. Ideally, in a healthy bullish structure, we’d like to see BTC either push straight through this resistance band or form a higher low on any pullback before making another attempt.

From a momentum standpoint, higher timeframes like the weekly chart are currently supportive of further upside. However, very high timeframes such as the bi-weekly, monthly, and quarterly charts still exhibit downside pressure, indicating that while short- to mid-term rallies are possible, the risk of a failed breakout remains elevated.

In summary, Bitcoin is at a pivotal juncture. The $95,700–$98,300 zone is a major resistance gate that must be overcome for the bullish narrative to remain intact. If reclaimed, the probability of making new all-time highs increases meaningfully. If rejected decisively, we must be prepared for a potential deeper correction.

For now, my stance remains bullish, but cautiously so. The recent relief across both BTC and altcoins has been encouraging, but this is a market environment that demands vigilance. Until next week, stay sharp, manage risk, and trade safe!

Book a free consultation at http://tacticaltradinghub.com to get started. See you on the inside!

Follow @DK5150 on X

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - TRUMP COIN 🔦

T’S HOOT’S OF ENLIGHTENMENT - BITCOIN SUPPLY SHOCK 💡

A Bitcoin supply shock occurs when the available supply of Bitcoin drastically decreases or becomes constrained while demand remains constant or increases. This imbalance can lead to significant upward pressure on the price.

There are two main types of supply shocks: positive and negative. A positive supply shock happens when the supply tightens, often due to long-term holders removing coins from circulation (e.g., storing them in cold wallets), large entities accumulating Bitcoin, or significant outflows from exchanges. With less Bitcoin available for trading, buyers compete for a smaller pool, often driving up prices.

A major example of a predictable supply shock is the Bitcoin halving, which occurs approximately every four years. During this event, the block reward given to miners is cut in half, reducing the rate at which new Bitcoin enters circulation. Historically, halvings have preceded major bull markets due to the sudden reduction in supply growth.

On the flip side, a negative supply shock can occur if a large quantity of Bitcoin is suddenly sold or made available on the market, potentially driving prices down

Want to learn more? Join us today… www.dailygainscrypto.com 

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILY MEMES 🤣