According to data from Glassnode, Bitcoin has risen approximately 20% since the "Bitcoin Vector's Impulse" indicator flipped positive, prompting trading strategies to become fully allocated in anticipation of further upside.
The chart from Swissblock Technologies identifies the next price target for Bitcoin at the $82.8K level, as analysts anticipate continued bullish momentum following the breakout above short-term liquidity zones.
On the 7-day horizon, key technical levels include mid-term liquidity zones at $74.3K** and **$62.5K, with mid-term targets at $72.4K** and **$65.5K. A long-term support level remains at $45K in the event of any corrective pullbacks.
Analysts believe the positive impulse shift, combined with sustained institutional demand and declining exchange reserves, strengthens the case for reaching the $82.8K target in the coming days, especially as August tends to bring heightened volatility.