Bitcoin Finds Crucial Support On Bull Market Band — Will Momentum Hold
Bitcoin value is at present at a vital juncture, sitting proper on high of the Bull Market Support Band. Throughout previous bull cycles, this band has traditionally served as an important help degree, with value retesting it throughout corrections and bouncing off it to proceed its upward development.
Why This Level Matters For Bitcoin Uptrend
In an X post, full-time crypto dealer and investor, Daan Crypto Trades, has identified that Bitcoin is at present sitting immediately on high of the Bull Market Support Band. This degree has lengthy been considered probably the most dependable high-timeframe momentum indicators.
Daan Crypto Trades famous that whereas Bitcoin has seen short-term consolidation at and even barely under this band, it has by no means skilled a chronic detachment for greater than every week or two throughout a bull market.
The broader market structure stays intact so long as Bitcoin continues to print increased highs and better lows on the bigger timeframe. However, any subsequent dips that happen whereas this structural integrity is maintained are usually seen as areas of curiosity and potential shopping for alternatives for buyers.
The Role Of Liquidity In Driving Bitcoin’s Next Move
Bitcoin is displaying the primary bearish divergence in opposition to the Global M2 Money supply because the cycle lows started, and signaling a possible slowdown in momentum. According to Saint Pump, a market knowledgeable, a one-month liquidity pullback is anticipated in late September, coinciding with the Federal Reserve (Fed) anticipated charge lower amid job weak spot.
This confluence of a bearish technical sign and a macroeconomic liquidity occasion suggests that BTC’s current poor value motion since July and divergence with world liquidity will proceed resulting in a interval of uneven value motion. In addition, there might be risky buying and selling till world liquidity situations enhance in late October. Adding to the short-term pressure, October additionally marks the anticipated finish of the four-year cycle, which traditionally brings extra promoting exercise.
Despite these headwinds, no main cycle high or euphoria alerts are evident. Saint Pump famous that the Trump Administration could unleash a financial bazooka by means of a Fed takeover to stimulate the economic system forward of the midterms. As a end result, this cycle might prolong into late 2026, till Inflation fears resurface as soon as the Fed overdoes it on account of political pressures.
From a technical perspective, the perfect bid state of affairs in a sell-off lies between $93,000 and $98,000, aligning with a retest of the weekly 55 Exponential Moving Average (EMA), which has sustained the bull development since final yr. While short-term volatility is anticipated, the broader uptrend stays structurally sound.