Bitcoin’s price looks sleepy right now – down just 0.2% in the last day and up a tiny 0.7% over the week. It’s chilling in a range, but don’t sleep on it. Under the hood, things are shifting in favor of the bulls. Sellers are losing steam, big players are stacking quietly, and the setup screams more upside ahead. Here’s why experts like Tom Lee aren’t backing down from their big predictions, even without a breakout yet.
Momentum and Volume Are Sneakily Getting Stronger
On the daily chart, BTC keeps bouncing off $90,100 like it’s a trampoline – that’s held firm during recent dips, stopping deeper falls. One early clue is On-Balance Volume (OBV), which tracks if volume is flowing in or out. Between Dec 9 and 11, price hit a lower high but OBV went higher – showing buyers were busy underneath while sellers weakened.
Then from Dec 10 to 12, price made a lower low, but OBV formed a higher low. That’s another divergence saying selling pressure is fading fast. These two signs together don’t scream breakout, but they often show up before one hits. It’s like the calm before the storm.
Long-Term Holders and Whales Are Loading Up Quietly
Momentum alone isn’t enough – check the on-chain data. Holder Net Position Change shows what long-term owners are doing. On Dec 10, they distributed about 155,999 BTC. By Dec 13, that dropped to around 150,614 BTC – a 3.4% cut in selling pressure.
No panic dumping here; it’s steady, like holders are comfy in the range. The real powerhouse signal? Whales with 1,000+ BTC are near their 6-month high. These big fish keep accumulating during sideways moves, not breakdowns. It means smart money isn’t bailing – they’re positioning for the next leg up.
Key Price Levels That Could Flip the Switch
For these signals to turn into action, price needs to confirm. The big one is $94,600 – a daily close above that could spark a quick 5% jump, breaking the current squeeze.
Upside targets: Clear $99,800, then $107,500 if markets play nice. That’d be the first real push toward Tom Lee’s aggressive $180,000 call.
Downside risks: Lose $90,000 and support hits $89,200, then $87,500. Breaks below those could kill the short-term bull case.
Bottom line: BTC isn’t weak, it’s coiling. Fading sellers, steady whales, and improving volume all back the bullish outlook. No breakout yet, but the pieces are lining up.
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