Bitcoin, that old stubborn mule of the crypto plains, has kicked its heels into a sideways gallop, leaving investors to scratch their heads and mutter about “profit-taking.” As BTC chills on its throne, the altcoin herds stir, ready to prance into the spotlight like a barnyard parade. Who knew digital gold could be so… temperamental? 🐎
Technical Analysis
By ShayanMarkets
The Daily Chart
After butting its head against the $123K mountain like a bull in a china shop, Bitcoin now lolls in the shade of a corrective phase, where profit-takers sip their gains and altcoin hopefuls whisper sweet nothings. The old timers say when BTC cools its heels at all-time highs, capital sneaks off like a thief in the night to flirt with alts—sparking rallies that bloom like wildflowers after rain.
A pullback toward the Fibonacci’s “golden shackles”—$107K to $111K—is brewing, a resting place before BTC leaps again. But until then, the market’s a hammock of consolidation, with altcoins wiggling their way into the limelight. 
The 4-Hour Chart
On the lower timeframe, BTC’s consolidation carves a descending wedge, a canyon of support between $113K and $116K. The traders in the shadows watch, waiting for a breakout—or a breakdown. If the wedge cracks, BTC might sprint back to $123K. But if the canyon swallows it whole? A deeper correction looms, like a stormcloud over a wheat field. 🌩️
On-chain Analysis
By ShayanMarkets
Bitcoin’s net inflow to exchanges? A deluge since July 2024, like a biblical flood of BTC. This ain’t just folks trading—it’s a stampede of distribution, where the big men (funds, institutions, those with cigars and spreadsheets) dump BTC near all-time highs, grinning like it’s their birthday. 🎉
History repeats: such inflows often precede corrections, like a fire sale at the end of the season. This week’s data hints the bigwigs are hedging their bets, while altcoins get the scraps—until the next feast. Watch closely, trader. The market’s a fickle beast, and volatility? That’s just its laugh. 😈
Read More
- All Data Pad Locations (Week 1) Destiny 2
- 8 Final Boss Fights That Are Actually Optional
- Sci-Fi John Wick in the Making: Scott Rogers’ Directorial Debut
- Why Hunters Can’t Grow Stronger in Solo Leveling: A Missed Opportunity?
- Top 8 UFC 5 Perks Every Fighter Should Use
- XRP PREDICTION. XRP cryptocurrency
- Jujutsu Kaisen’s Most Powerful Barriers Revealed
- Uncover the Exciting Humble Choice Games for April 2025!
- You Will Have a Second Chance to Buy One of the Coolest PS5 Controllers
- Discover 8 Hidden Horror Gems That Will Haunt You Long After Watching!
2025-07-22 16:20