The main dishes to remember:
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Bitcoin closed his highest weekly candle at $ 119,310, then joined $ 123,100.
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Holder in the short term NAV Premium at 16% of moderate signals of interest, well below FOMO levels.
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The FNB Bitcoin Spot entered a solid purchasing diet after the second day of a day of $ 1.18 billion last week.
Bitcoin (BTC) Price has displayed its largest weekly gain of 8.74% since early May, closing its highest seven -day candle at $ 119,310. On Monday, BTC reached a summit of $ 123,100 in Binance. With the current prices around the level of $ 120,000, onchain data and market flows indicate that the current rally could continue, in particular with the signs that the Retail Fomo is still largely absent.
A key metric highlighting the feeling of the market among short -term holders (STH) is the value of the value of the asset (NAV), which compares the assessment of the STH assets at their average cost base. Currently, the Premium NAV is 16%, comfortably in the “moderate” area of interest marked by green on the graph.
This fork (0 to 25%) reflects cautious optimism among short -term investors, but remains well below the fork historically overheated by 30 to 35%, where FOMO focused purchases have generally marked local summits.
Adding to the Haussier case, Glassnode stressed that the Bitcoin spot volumes jumped 50% in last week, reporting growing participation in the rally. However, volumes are still 23% lower than the average of the year, which indicates that the wider market is not yet booming. Participation increases but has not reached a euphoric peak, strengthening that this rally can still have fuel.
The FNB BTC Spot indicate a “strong entrance diet”
The FNB Bitcoin Spot displayed its second entries in a recorded day with $ 1.18 billion last Thursday. This wave of capital has not only propelled BTC to its new summit of all time; He also pointed out a structural change in market momentum. Historically, these changes are not short -lived. Once strong entrances start, they persist for several days or even a whole week of negotiation, offering a firm base for a sustained price action.
The boring noted that the current flow regime of FNB behaves as a “strong purchase” signal, diverging from the “neutral” status previously lukewarm and granting additional weight to the upward trend.
The Premium Coinbase index, which reflects the difference in the price of BTC on Coinbase against Binance, its simple 14-day mobile average (SMA-14) is currently greater than zero for the largest section in the current bull cycle, indicating prolonged purchase pressure from American institutions and retail investors.
This metric was the last so strong at the beginning of 2023, and its persistence suggests that American demand continues to play an essential role by supporting prices discovery, even at these high levels.
Related: Bitcoin ‘shows no sign of fatigue’ because it exceeds gold in gains for 2025
The weekly trend provides for an increase of 10% to 15%
Bitcoin broke out properly above its $ 111,800 summit, reflecting past cycle behavior. Since 2017, a parabolic rally has started each time BTC has emerged above its previous the highest weekly candle.
Bitcoin jumped 167% at the end of 2020 after exceeding its summit in 2017 at $ 20,000, finally culminated nearly $ 69,000 at the start of 2021. During the following cycle, it won 49% after erased this summit of $ 69,000 at the end of 2024.
Each break has shown a clear trend in decreasing yields, 49% against 167%, and is now likely to be 10 to 15% before any short -term correction. Given this model, a reasonable short -term target is between $ 132,0000 and $ 138,000 before the momentum slowdown.
This is aligned with the logic to weaken upwards while BTC is entering an unexplored territory and undergoes a price discovery. The course objective could be marked in one to two weeks, in accordance with the historic rhythm of post-sparely acceleration.
Related: “Don’t be trapped!” Bitcoin price analysis sees the decline with $ 118.8,000 in focus
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
