I'm seeing some interesting signals on the BTC chart lately. The price of BTC has risen quite a bit this week, and realized losses have dropped to almost zero, which historically tends to indicate that sellers are running out of steam. When this happens, a strong recovery usually follows. Data shows that 60% of the Bitcoin supply has been inactive for at least 12 months, and long-term holders are accumulating more. This has created a solid floor between 60 and 70 thousand in recent months.

The price of BTC is testing the resistance of this consolidation zone now. Some analysts are betting that the market is preparing for an upward phase, at least in the short term. The fear and greed index has risen to levels not seen since March, and BTC's RSI is also signaling accumulation. If it manages to break out of this range, the next target would be something close to 80 thousand.

But honestly, you have to stay alert. BTC's price is improving, yes, but macroeconomic factors are keeping everything tight. We might see another pullback without warning. The market is very unpredictable, so those trading BTC need to be careful and not get carried away by euphoria.