What I’m Watching on $BTC 👀

On-chain data is starting to show something interesting again. Wallets holding 1K–10K BTC have quietly returned to accumulation — a pattern we’ve previously seen near major market bottoms.

From a technical view, Bitcoin has also held its 100-week SMA, a level that historically acted as a strong cycle support. At the same time, the weekly RSI dipped into oversold territory, which often signals that selling pressure may be close to exhaustion.

Now the key level everyone seems to be watching is $78K. If BTC manages to reclaim and hold above it, a move toward the $100K region later this year wouldn’t be unrealistic.

But if that breakout fails, we could still see Bitcoin range between $60K–$70K for a while before the next major move.