Bitcoin Pump – Largest This Century? Traders Rush For Final Bitcoin USD Allocations
BTC has swiftly bounced back from the weekend downturn. Such stability in BTC USD prices amid worldwide uncertainties highlights the soaring market demand. The leading crypto asset is being actively purchased and stored as institutions, governments, banks, and firms dive into the competitive space. Retail investors are not hesitating and are eager to grab their share of the opportunity.
There has been a decline of 800,000 in Bitcoin’s trading protocol balance from June 2024 to the present. The estimated BTC mined over the past year stands at approximately 177,000.
The MVRV Z-Score – arguably the most crucial on-chain indicator – reveals the true state of the Bitcoin cycle.
MVRV illustrates the disparity between Bitcoin’s trading market cap and the actual amount individuals have spent on their coins (realized cap). The Z-Score helps to standardize this… pic.twitter.com/trwe5AESDG
— Stockmoney Lizards (@StockmoneyL) June 24, 2025
According to Stockmoney Lizards, the observation that many are not significantly in profit indicates that selling pressure should remain relatively low compared to what typically occurs at the end of a price surge. Strong fundamentals! Now, let’s shift focus to technical analysis.
Does Bitcoin’s Surge Reflect on the Charts?
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In the weekly timeframe, BTC continues its upward trajectory. Notably, moving averages are establishing higher highs and lower lows. A significant level that must be breached is at $110,000, which currently presents price ceiling. One possible scenario that investors would prefer to avoid is the formation of a double top. The FVG gap remains unfilled, yet we observe a strong rebound from the price floor level at $100,000.
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Does Bitcoin USD Show a Bull Flag on The Daily Chart?
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Next up is the Daily timeframe. Here, we spot two FVG gaps. The upper gap has been revisited several times, but FVG1 remains unfilled. Will this change? We will find out later, so it’s wise to keep it on the radar as a feasible scenario.
However, being under the moving averages, which was the price reclaimed in April, makes this outcome uncertain. Another observed pattern here is a bull flag, marked with orange lines. Typically, such formations in uptrends signify uptrend accumulation and lead to upward breaks.
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We’ll conclude today’s analysis with the 4H chart. The two focal points are the second break above MA200, which initiated a swift increase. We may see a similar occurrence. Additionally, the price has surpassed the previous high (testing MA200 before the drop to $98,000). I foresee $108,000 being tested shortly, and I will keep an eye on the traders’ reactions.
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Bitcoin Rush Of 21st Century: People Scrambling For Leftovers
- Demand for FVG 2 should be minimal at this point
- Weekly FVG might not see testing, though we consider it a possibility
- The price is creating a bull flag.
- MA200 on 4H has been reclaimed
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