#Bitcoin – Short-Term Bullish Targets at $133K-$140K as Market Prepares for Next Leg Up

#Bitcoin - What’s Next?

The Big Sunday Report, All You Need to Know

🚩 Technical and Psychological Analysis: Exactly two weeks ago I gave you this chart. This past week we saw BTC printing a scam wick to the downside until $114,700 and buy pressure there was extremely high. This only tells me that short term downtrend reversal is happening as we speak. There are significant leverage long orders coming into play, with the same capital used from whales who sold spot bags during recent leg up. Market wants higher and very soon my 133-140k target will be hit with perfection. Short term there are four levels to watch out: 

Support - $112,000

CME Gap - $114,400

First Resistance - $121,000

Second Resistance - $123,250

Market makers keep playing games with retail mind within this sideways movement, constantly baiting the fulfillment of CME gap or the test of support before breaking the resistances. I recommend avoiding hedging even if CME gap seems likely to be fulfilled. There’s no guarantees that Bitcoin will actually fulfill the CME gap or retest the support before we see higher targets. Specially now that there’s no big geopolitical event happening, it doesn’t make sense to risk missing the next big leg up over a 5% drop.

This week we also have FOMC. Fed will not cut the rates this meeting. Rate cuts are happening in September. It’s important to highlight that rate cuts are no longer bullish at this point. Previous rate cuts eased economy, and therefore the purchasing power of big money, which is bullish for markets since increase the M2 Global Liquidity. This rate cuts don’t benefit big money, economy needed to be eased at the start of the year, not at the end of the year. Only retail will benefit with the decisions Fed took this year and is about to take, which is bad for the markets. Market makers know this fact and they will dump their bags as retail will use their extra small purchasing power to enter markets. 

Few hours ago US and China extended tariff pause by another 90 days. I am not expecting another extension after this one. Not only me but a lot of big money isn’t expecting. This means that in three months from now we should see another tariff narrative to dump the markets. Short term markets are very bullish with targets of 133-140k coming next. On the mid term all indicators are saying we will top in Q4 and start bear market. Long term Bitcoin is pointing to be at $550,000 until 2030, with strong narratives like CBDCs being backed by the digital gold being pushed. Perhaps the biggest reason why markets are extremely bullish long term is because Donald Trump signed the big beautiful bill, which means the Federal Government will continue to increase the debt ceiling as time passes. Exponential debt growth means exponential M2 money supply growth which is bullish for fixed supply assets like Bitcoin. Thus exponential M2 money supply growth will take some time, yet it’s guaranteed. All plans remain the same.

Expecting 133-140k BTC in August..⏳