Bitcoin is faced with resistance just below its $ 112,000 higher, having difficulty entering prices as the market grows. After reaching a summit of $ 110,500 yesterday, BTC retraced more than 2%, but the price action remains optimistic. The merchants are looking closely at this consolidation, which can act as a springboard for a decisive movement up.
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According to the best pillows of the TED analyst, several technical indicators support an upward perspective. In particular, Bitcoin has just confirmed a MacD Haussier crossing on the daily delay, which is often a precursor of upward continuation. Adding to the bullish case is the highest monthly closure of Bitcoin, a key psychological step which could arouse new entries and arouse a renewal of the interests of the investors sidelined.
The current configuration indicates an upward market, provided that buyers can recover the level of $ 112,000. As macroeconomic uncertainty fades and bullish Built through cryptographic space, Bitcoin could soon enter an unexplored territory. All eyes are on the next sessions, because BTC is testing critical levels with strong technical support.
Bitcoin approaches a crucial escape phase in the middle of the bullish momentum
Bitcoin has won more than 10% since June 22, climbing local stockings nearly $ 98,000 at current levels around $ 108,000. This regular advance reflects a renewal of optimism on the cryptography market, but the assets now in a critical phase. The price action was blocked just below the level of $ 112,000 of all time – a level of resistance that has crowned Bitcoin since the end of May. The next few days will be decisive, because an escape above this level could trigger the discovery of prices, while a rejection can open the door to a wider decline.
Despite short -term uncertainty, long -term perspectives remain firmly optimistic. Many analysts argue that a possible passage beyond $ 112,000 is inevitable, motivated by favorable macro-tendencies, a strong institutional interest and an increasing demand for ETF Spot. However, caution is justified. An inability to hold current support levels – in particular the area from $ 105,000 to $ 106,000 – could drop a drop of less than $ 100,000 and shake off the output positions.
Ted pillows Rest confidentDeclaring: “You cannot be Bitcoin now.” His point of view is based on a confluence of technical factors: a confirmed MacD crossover, a clean support retest and the highest monthly closure of Bitcoin ever recorded. These signals, combined with regular momentum, suggest that a new summit of all time could be in a few days.
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BTC faces a rejection at $ 109,000, eye support for $ 106,000
The Bitcoin price consolidates after failing above the resistance level of $ 109,300, as seen on the 4-hour graph. After briefly operating more than $ 110,000, BTC has retraced and now oscillates about $ 107,961. This rejection suggests that the high zone of all time remains a major obstacle for bulls despite the current trend. The price is now testing the 50 SMA (Blue Line), currently acting as a dynamic support, while the 100 and 200 SMAS (green and red) below provide a wider safety net in the region from $ 106,000 to $ 106,500.
The key level to be monitored is $ 109,300. A decisive rupture and close above this level on a strong volume would probably point out the start of the prices discovery. However, if the Bears manage to push BTC less than $ 106,000, we could see a retest of support of $ 103,600 – an area which has been held several times since the end of May.
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The volume is relatively low compared to previous impulse movements, which indicates that the current withdrawal can be a healthy break rather than a trend reversal. For the moment, the Bitcoin structure remains optimistic, with higher ups and higher lows. If Bulls can defend this support area and resume the momentum, a new attempt to break $ 112,000 could happen as soon as possible. The next 48 to 72 hours will be critical.
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