Bitcoin: How is THIS gap setting the stage for BTC’s climb to $130K?

Key Points

1. BTC's on-chain confidence is rising, resembling conditions seen in early 2024 and early 2025, which preceded significant bull runs.

2. The Perpetual-Spot Price Gap on Binance has tightened recently, historically a precursor to Bitcoin's parabolic climbs when it turns positive.

3. BTC's price action shows strength with steady gains, though the RSI indicates overbought conditions, suggesting potential short-term corrections.

4. The MACD continues to widen with green histogram bars, reinforcing the legitimacy of the current upward move.

5. Despite overbought levels, bulls remain in control, with momentum pointing toward further gains unless it stalls.