- Bitcoin’s weekly trendline remains unbroken, keeping the long-term bull cycle active and intact.
- Liquidity clusters between $109K–$113K and $117K–$121K define key trading zones for BTC movement.
- Bitcoin’s DeFi TVL rose 4.52% to $8.46B, showing expanding network activity and strong market participation.
Bitcoin continues to maintain its long-term upward trajectory, holding firmly above the key weekly trendline that has guided its rally since early 2023. The current market structure suggests that as long as Bitcoin does not close below this trendline, the broader bull cycle remains active and intact.
Weekly Trendline Supports the Bull Market
According to analysis prepared by BitBull, Bitcoin has formed consistent higher highs and higher lows since early 2023. The coin reached a peak above $125,000 before retracing toward $112,000, yet it continues to trade above its ascending trendline. Each pullback since mid-2023 has found strong buying interest near this level, confirming steady accumulation across the market.
Bitcoin’s price remains within the rising channel, supported by active market participation. The current bullish structure is based on the trendline that starts at the lows of 2023 at approximately $16,000. This zone is considered by the market participants as a key support area between continuation and reversal.
According to an observation by Ted Pillows, Bitcoin has two main liquidity clusters, between $109,000 and $113,000, and $117,000 to $121,000. If U.S.–China trade talks progress positively, Bitcoin could sweep the upper liquidity range. Otherwise, short-term long liquidations may occur before a potential rebound.
Market Stability Returns as On-Chain Activity Expands
Bitcoin’s on-chain data continues to show expansion across multiple metrics. The value locked in DeFi protocols focused on bitcoins, according to data from DeFiLlama, is a total of $8.46 billion, and it grew by 4.52%. Since mid-2024, the growth rate has been increasing at a faster rate, backed by a higher liquidity level and participation of networks.
Chain fees have reached $289,743 in 24 hours, and token incentives are $98.63 million. DEX trading volume reached $564,026, and perpetual volume hit $83.15 million, showing strong engagement. Active addresses climbed to 695,884, with inflows of $48,143, reflecting healthy network activity.
After a temporary decline triggered by tariff concerns, Bitcoin rebounded following diplomatic remarks by President Trump. He stated, “Don’t worry about China, it will all be fine,” signaling renewed optimism. Bitcoin recovered above $115,000, and it still stays above the weekly trendline, which shows that the bull run is still intact as long as the structure is maintained.
