Bitcoin is once again gaining attention from investors as macroeconomic pressures ease. The recent pause in tariffs by Trump and cooling inflation have sparked optimism across global markets, reducing the need for aggressive monetary tightening and encouraging a shift towards risk assets. This positive backdrop may benefit Bitcoin, which is often seen as both a hedge and a growth asset. As institutional appetite gradually returns, the price structure and on-chain behavior of Bitcoin are starting to reflect this renewed momentum.
Currently, Bitcoin is testing the upper boundary of a descending channel and a breakout above key resistance levels could signal a bullish move. The price is hovering around $81,614.11, with a potential target of $98,363 resistance if a breakout is confirmed. While the technical setup appears bullish, maintaining buyer pressure is crucial for further gains. Failure to clear the channel could lead to a pullback towards lower support levels. Momentum is building, but confirmation of the breakout is essential for sustained upward movement.
The Stablecoin Supply Ratio (SSR) has risen slightly to 13.40, indicating reduced buying power from stablecoins relative to Bitcoin’s market cap. This suggests that capital may be waiting for a directional signal before entering the market. A stable SSR during a potential breakout scenario supports a healthy rally, reinforcing the idea that investors are ready to deploy funds once the breakout is confirmed. Additionally, an increase in large BTC transactions suggests accumulation by whales or institutions, indicating bullish pressure on Bitcoin’s charts and the possibility of a near-term breakout.
Recent on-chain data from Lookonchain shows that a whale deposited 1,500 BTC ($120.29M) to Binance, but still holds 1,486 BTC, signaling retained exposure. This action reflects profit-taking rather than a complete exit, showcasing confidence in Bitcoin’s longer-term strength. The whale’s behavior, along with increased institutional positioning and whale activity, suggests a supportive environment for Bitcoin’s potential rebound. While the breakout still needs to be confirmed on the chart, all indicators point towards upside potential if Bitcoin clears its resistance levels.
In conclusion, Bitcoin may be poised for a rebound with the current supportive environment created by the tariff pause, cooling inflation, and increased whale and institutional activity. A confirmed breakout above key resistance levels could lead to a sharp rally in the price of Bitcoin. The combination of these factors indicates a positive outlook for Bitcoin in the near future, with potential for further gains once the breakout is confirmed on the chart. Investors should keep a close eye on Bitcoin’s price movement and on-chain metrics for further insights into its future trajectory.
