🚀 Bitcoin Maintains Bullish Momentum — Eyes Set on $120K Breakout

◆ 📈 Institutional Power Surge
U.S. spot Bitcoin ETFs recorded $2.7B in net inflows last week, signaling strong institutional conviction.
New Jersey’s $70B state pension fund allocated $30M into MicroStrategy, gaining indirect #BTC exposure.
At this pace, ETF demand absorbs roughly 10,000 BTC/day, while mining output remains at only 450 BTC/day — creating a powerful supply-demand imbalance.

◆ 📊 Technical Breakout Signals

MACD: Bullish crossover confirms upward momentum.

RSI: Currently at 62, indicating healthy bullishness without extreme overheating.

Support: Price holding above the 30-day SMA at $117,370.

Trigger Level: A decisive daily close above $120K could spark aggressive FOMO-driven buying.

◆ 💹 Sentiment & Market Dynamics

Fear & Greed Index: Now at 63 (Greed), showing increased risk appetite.

BTC Dominance: 58.72%, with visible capital rotation from altcoins into Bitcoin.

Caution Flag: 7-day RSI at 69 hints at potential for a short-term pullback before the next leg higher.

💡 Pro Insight: Sustained ETF inflows above $300M/day coupled with a confirmed $120K breakout could accelerate Bitcoin’s path to fresh all-time highs.

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I #CPI Data Coming# #Show My Alpha Points# #ETH Breaks $4700#