
Bitcoin is consolidating near its 50-day EMA, with Institutional accumulation, high-leverage whale positions,suggesting a break above resistance .
Bitcoin is trading at $112,439.99 on Binance, holding near the 50-day Exponential Moving Average (EMA) of $112,845.63. After July’s rally, the price dipped slightly but maintained higher support, forming a classic bullish consolidation. Short-term retracement patterns with lower highs and lows are visible, but the structure suggests a setup for expansion.
The chart posted by Mr. Wall Street outlines a projected 24.53% upside, pointing to a potential breakout toward the $140K mark. Price structure, candlestick patterns, and support zones align for a move higher once BTC clears the $114K resistance level.
Institutional sentiment is strengthening. MetaPlanet has announced a massive $3.6 billion fundraise to purchase more than 30,000 BTC. This move solidifies Bitcoin’s growing reputation as a strategic reserve asset.
The spike in institutional holdings highlights Bitcoin’s shifting perception from speculative play to a long-term investment vehicle.Last week MicroStrategy CEO Michael Saylor hinted at a potential additional BTC accumulation..Michael Saylor added to the bullish tone, stating “Winter is not coming back.”
A reported a $45 million BTC long position opened on the Hype platform using 40x leverage. The entry price was $112,854.10, with current profits nearing $193,000.This position shows clear conviction from high-cap traders, especially with liquidation levels set below strong support. Such moves often precede large market reactions.
A 4-hour chart shows Bitcoin at $113,727.04 with early signs of momentum shift.MACD histogram is shrinking while RSI recovers from oversold levels. If BTC breaks above $115K with strong volume, a trend reversal will be confirmed.
Bitcoin may be setting the stage for its next major rally. Support is holding, institutions are buying, and whales are betting big.