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$BTC is sitting in an interesting spot right now.
Capriole Investments founder calling for $96K isn’t random noise. The backdrop is pretty aggressive large players are absorbing more than 500% of daily mined BTC supply.
Historically when this metric spikes like that, BTC$BTC tends to trend higher, roughly around +24% over the following week on average.
Look at the structure on the chart. We pushed through $80K and instead of rejecting hard, price held. That matters You can see dips getting bought faster, candles recovering quicker. That’s usually what early trend continuation looks like not distribution.
Real talk once BTC reclaimed $80K the $96K target stopped sounding like a bold prediction and started sounding like a measured extension of the same move. Not guaranteed, nothing is, but it fits the current flow.
Disclaimer: This is not financial or investment advice. Do your own research before making any decisions. Use at your own risk.
$BTC
#BTCBackAbove80K #GateSquareMayTradingShare