DeGRAM | BTCUSD Flipped the Trend Line

Apr 29

📊 Technical Analysis
● BTC keeps the $91 500 level.
● While it holds, the chart still points to $98 000 then $108 000.​

💡 Fundamental Analysis
● US spot-ETFs took in $591 M on 28 Apr, extending a six-day inflow streak that topped $3 B for the week.​
● MicroStrategy added 15 355 BTC at ~$92 737, lifting corporate demand.​
● Network hashrate set a 1 ZH/s ATH, underscoring security.​
● Exchange balances sit at a seven-year low as coins move to cold storage.
● DXY is at 3-year lows and yields are down.

✨ Summary
Persistent ETF inflows, corporate accumulation, record hashrate, shrinking float and a weaker USD reinforce the bullish setup; staying above $91 500 supports a run to $98–100 k.

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Apr 30

Trade active

📊 Technical Analysis
● Ascending channel (higher highs/lows)​; weekly MACD/RSI stay positive​. Consolidation forms a base for the next leg up.

💡 Fundamental Analysis
● Macro: EU’s MiCA (Dec 2024) & HK/SG crypto frameworks​. Legacy finance now allocates to Bitcoin​.
● Adoption: Corporate BTC treasuries +31% in 2024 (~998K BTC)​, reflecting strong institutional demand.

✨ Summary
Support ~$93K; Resistance ~98K, ~$105–108K; Next ~$120K+ if trend holds.

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Share your opinion in the comments and support the idea with a like. Thanks for your support!