Bitcoin to the Moon? 🚀

by

The year’s been a wild ride, folks, with Bitcoin consolidating just below its all-time highs like a cowboy sizing up the competition. The world’s been a maelstrom of macro and geopolitical volatility, what with Trump’s tariff policies rattling global trade relationships like a snake in a saloon, and rising US Treasury yields making everyone nervous as a long-tailed cat in a room full of rockers.

But Bitcoin’s been a stalwart, holding steady above the $100,000 mark like a trusty steed. Some investors are getting the vapors, fearing the global instability will send it tumbling, but others are saying, “Hold up there, partner!” They think the current structure is a sign of strength, not weakness. And top analyst Ted Pillows is leading the charge, saying Bitcoin’s still following gold‘s long-term trajectory like a loyal sidekick.

With inflation risks still lurking like a rattlesnake in the bushes, fiat concerns growing like a prairie fire, and capital rotating toward scarce assets like a cowboy to a saloon, many are watching Bitcoin not as a speculative play, but as a macro hedge. A breakout above $112K could be the trigger that sets off the next explosive move.

Bitcoin’s been holding firm above $103,000, despite failing to break the $112,000 all-time high last week. The rejection led to a sharp 6% correction, with bears trying to force the price below key demand zones like a rancher trying to herd cats. But Bitcoin remains structurally intact, like a well-built barn in a storm.

The conflict between Israel and Iran has sent shockwaves through global markets, pushing safe-haven assets like oil and gold higher while equities waver like a leaf in the wind. Bitcoin, often seen as digital gold, has surprisingly shown strength amid the chaos, like a cowboy in a gunfight.

The upcoming week could be pivotal for BTC. If tensions worsen and traditional markets slide further, Bitcoin’s behavior will test its evolving role as a macro hedge. Investors are watching closely to see whether capital continues to rotate into BTC during risk-off conditions, like a hawk watching its prey.

Ted Pillows remains optimistic, like a sunny day on the range. His technical analysis suggests that nothing has structurally changed for Bitcoin, like a steady stream running through the landscape. According to his view, BTC is tracking closely with gold’s historical breakout patterns, implying that the digital asset is merely consolidating before another leg up. Pillow’s long-term outlook sees Bitcoin targeting $160,000–$180,000 by the cycle top, like a cowboy lassoing a steer.

Bitcoin is currently trading at $105,527 after a failed attempt to break through the $112,000 level earlier this month, like a cowboy trying to tame a wild mustang. The chart shows a clear rejection from that all-time high area, pushing price back into the $103,600–$109,300 range, like a rancher herding cattle into a pen.

The 50-day moving average, currently around $103,426, is acting as dynamic support, like a trusty sidekick, while the 200-day MA near $95,650 remains a broader trendline for longer-term holders, like a steady stream running through the landscape. Volume has slightly decreased during the recent drop, which could indicate that the sell-off lacks strong conviction from market participants, like a half-hearted “yeehaw!”

If BTC holds the $103,600 level—a previous resistance now flipped support—it may set the stage for another push toward $109,300, like a cowboy mounting up for another ride. A breakout above that level would likely open the door for price discovery above $112,000, like a wild mustang breaking free from its corral. However, if Bitcoin fails to hold the $103,600 area, it risks falling back into the $97,000–$100,000 region where previous demand was tested in May, like a cowboy getting bucked off his horse.

Read More

2025-06-15 16:43