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Bitcoin ends the week with force, negotiating above the $ 105,000 mark after a net rally that pushed prices to a new summit of all time almost $ 112,000. The move has rekindled the bullish momentum through the market, traders and analysts now focusing on what could be the next phase of this cycle.
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Despite the higher aggressive thrust, data on the chain suggest that the market remains healthy. The Top Darkfost analyst stressed that net benefits are still at normal levels for a bull race. According to his analysis, taking profits is not a sign of weakness – it is a necessary part of the structure of the market during ascending trends. “This is what maintains the investors engaged and prevents parabolic exhaustion,” he noted.
The recent price action indicates a potential change in market dynamics, because Bitcoin comes out of its post-recompressing consolidation phase. With a weekly support forming more than $ 105,000 and made measures to be used under control, the bulls are considering higher levels. If this momentum is maintained, the rejection of $ 112,000 can only be a short -term obstacle. As always, volatility remains at stake, but the closure of this week sends a strong signal: the Haussier market structure is always intact.
Bitcoin has room to grow as he prepares for the historic weekly closure
Bitcoin is on the right track to record its highest weekly fence in history, signaling an increasing force when it is preparing for what many believe could be the next major upward phase. After reaching a new summit of all time almost $ 112,000 earlier this week, BTC is now stabilized above $ 105,000-positioning itself above the key to short-term support before next week.
However, while the action of prices paints an upward image, macroeconomic conditions continue to present risks. High interest rates, the tightening of financial conditions and the broader uncertainty of the market remain major factors. Investors are cautiously optimistic, but volatility could quickly come back if the feeling of global risk deteriorates.
The chain data offer a more based view of the current cycle. According to Darkfost, Cryptocurrency data shows that the profits made currently amount to 104,000 BTC, or about $ 11 billion. Although this number may seem important, it is still well below the historic danger area of 350,000 BTC – a level which generally signals euphoric conditions or overheating.
This suggests that the market remains in a healthy profit zone. “Taking advantage is not a red flag during a bullish market,” said Darkfost. “It is necessary. This helps maintain the momentum and maintains the participants committed. ”
The coming week will be critical. A weekly fence confirmed above $ 105,000 could consolidate this level as a new medium and prepare the track. But if the bulls do not hold the ground, the rally may lose steam. For the moment, Bitcoin seems strong, but the market enters an area where the conviction will be tested.
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BTC has key support after New Ath rejection
Bitcoin is currently negotiating about $ 107,750 after a volatile week that has seen prices reach a new summit of all time almost $ 112,000. The daily graphus shows that the BTC is reclaiming over -rascal conditions, but firmly holding above the EMA from 34 days to $ 100,886 – a level that has always acted as a dynamic support during this upward trend.
The price remains well above the SMAS 50, 100 and 200 days, confirming a strong bullish structure. The key horizontal support at $ 103,600 – now recovered – is another crucial area. This level had previously acted as a resistance ceiling during the range of March-April and now serves as potential laununia if BTC is consolidated above.
The volume seems to decrease slightly on the decline, which can suggest that it is a healthy retreat rather than a reversal. As long as Bitcoin maintains above the $ 103,600 area at $ 105,000, the bulls remain in control. A deeper correction would find initial support around 34 EMAs, then 100 SMA almost $ 91,000.
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For the moment, the upward trend remains intact. However, rejection of $ 112,000 and the slowdown in the momentum calls for caution. A weekly fence greater than $ 105,000 would confirm the force, while a rupture of less than $ 103,000 could trigger short -term weakness.
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