$BTC Bitcoin's path towards $170,000: Supercycle analysisMarket momentum• Bitcoin is trading at $114,260 with a weekly increase of 3%, approaching the supply cap of 21 million coins•

A reverse head and shoulders pattern is forming on the weekly charts, signaling a strong positive indication• ETF inflows reached $1.15 billion this week alone, indicating continued institutional interest.

Forecast

As for the community, discussions are cautiously optimistic with the fear and greed index remaining at a neutral level of 54• Leveraged positions tend to be positive at 63.9% long versus 36.1% short#btc170k