BTC: Trader Adds $132M Longs at 7.8w-7.98w

BTC trader @Jason60704294 has added fresh long positions between 7.8w-7.98w, scaling back to two-thirds of prior size for an estimated $132 million exposure while forecasting a return to 10w or even 12w.

Price action at $79194.85 sits inside the Bollinger Bands with upper resistance at $80447.34 and lower support at $77985.29. The bullish EMA structure places concrete support at the 50-EMA $76631.86 and deeper at the 200-EMA $69613.96, while neutral RSI at 54.6 and the MACD death cross signal short-term momentum hesitation that often precedes a healthy pullback to the 50-EMA before continuation. This setup aligns with standard BTC price prediction models that factor institutional re-entries during neutral momentum phases.