Bitcoin Set to Skyrocket? The Darvas Box and Whales Say So!

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As July packs its bags and slinks off into the sunset, Bitcoin’s been behaving rather like a well-trained puppy—mostly sitting, occasionally fidgeting, but definitely not running wild just yet. Currently hanging around the grand old sum of $118,360, it’s caught in a nifty little trading box called the Darvas, which sounds more like an exotic tea than a technical pattern, but hey, don’t judge. The market’s whispering bullish sweet nothings through on-chain metrics—wallet activity, ETF inflows, and a whirlwind of technical indicators—that are practically screaming, “higher prices are coming!” 🚀💰

Whale Watch: Over 218,000 BTC Swims Into Confidence Lake

Picture an ocean of giant whales—well, in this case, Bitcoin whales—those who hold from 10 to 10,000 BTC, swimming around with a suspicious amount of swagger. According to the clever folks at Santiment, these whales control roughly 68.44% of all Bitcoin, and since March, they’ve lugged in over 218,570 shiny new BTC—roughly 0.9% of their collection—stuffed into their digital wallets faster than you can say “HODL.” Over just 18 weeks of 2025, they’ve been quite the busy bunch. Meanwhile, on the ever-reliable X (formerly known as Twitter), an analytical eagle eye spotted more of these whales grabbing another 30,000 BTC in just 48 hours. Confidence? You betcha. The ocean’s getting crowded.

Bitcoin’s Cozy in the Darvas Box, but RSI Is Flexing Its Muscles

In its daily dance, Bitcoin remains wrapped up in a sideways waltz—think of it as a market flash mob indecisively swirling around the edges of this price box. But beneath the surface, the Relative Strength Index (RSI)—that cheeky little indicator—sits peacefully at 59, signaling the heat from July’s rally has cooled just enough to make room for round two. Like a caffeinated squirrel, if trading volume suddenly jumps, this level of calm could tip into a blockbuster breakout. And if that happens—brace yourself—the forecast points to Bitcoin hitting that elusive $130,000 mark. Yes, it’s like spotting a unicorn in the wild, but with charts, miracles happen.

All signs suggest that if volume tries to awaken from its slumber and breaks above the upper range of the Darvas, the price could take a leap toward $130K, perhaps even more—imagine Bitcoin doing the moonwalk on Wall Street.

The Macro View: A Cup, a Handle, and a Big Rally on the Horizon

Zoom way out—think binoculars on steroids—and you’ll spot a giant cup-and-handle pattern, the kind of chart formation that makes traders get all misty eyed. After a breakout in the latter half of 2024, Bitcoin took a little breather in early 2025, as if testing the pattern’s strength. Then, July came along and—voila!—the rally confirmed it was all about business. A tweet from the ever-insightful Merlijn the Trader sums it up perfectly: “$BTC just formed a textbook cup & handle and nailed the retest. Structure is clean. Liquidity is rising. Momentum is shifting. The next leg? Not if, but when.” Sounds like a plan, right? 🚀

$BTC just formed a textbook cup & handle and nailed the retest.

Structure is clean. Liquidity is rising.
Momentum is shifting.

The next leg?
Not if, when.

— Merlijn The Trader (@MerlijnTrader) July 31, 2025

If this pattern holds, the big boys are eyeing a rally that might send Bitcoin zooming past $200,000 before you can say “crypto bubble.” Investors are still holding their ground, pouring into ETFs with more gusto than a tourist in a sweet shop—around 29 positive inflows over 33 days, to be exact—adding yet another cherry on top of the bullish sundae. So, whether you’re a die-hard HODLer or just watching the circus from the sidelines, it’s definitely shaping up to be an interesting ride.

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2025-07-31 15:51