Overview
- Bitcoin is consolidating between roughly $108,000–$109,000 support and $114,000–$116,000 resistance, with traders watching for a decisive break to set direction.
- U.S. spot Bitcoin ETFs logged sizable redemptions, including about $488 million Thursday and $191 million Friday, with weekly outflows totaling more than $600 million in some estimates.
- The Coinbase Premium Gap fell to around -$80, indicating weaker U.S. demand relative to global markets and concentrated selling on Coinbase.
- A daily death cross has appeared as the 50-day dropped below the 200-day WMA, while tightening Bollinger Bands signal elevated odds of a larger move.
- Outlooks diverge, with institutions such as Bitwise, Standard Chartered and Bernstein still citing paths to about $200,000 by late 2025, as Alphractal’s model calls for a cycle peak near $143,000–$146,000 and warns of distribution.