Bitcoin's 8x Surge Paves Way for Next Leg Higher Without Retail

Bitcoin's recent price surge has sparked interest among investors and analysts alike. According to Andre Dragosch, Bitcoin delivered an impressive 8x rally from $16k to $126k between 2023 and 2025, despite retail investors remaining sidelined.

This phenomenon has led to a reevaluation of traditional market dynamics, as the absence of retail participation is seen as a key factor in the next leg higher. The current price of $65,237.94 sits within the Bollinger bands, with upper resistance at $65,432.32 and lower support at $64,266.47.

The 50-EMA and 200-EMA act as layered supports, while the Relative Strength Index (RSI) is neutral at 63.75. However, the MACD indicator has printed a death cross, indicating a probable healthy retracement towards the 50-EMA before continuation in this price environment.