Bitcoin maintains a higher level of $ 110,000 after breaking its highest level ever on Wednesday, indicating a possible start for a huge upward stage. The penetration represents an important psychological and technical milestone, and re -perpetuate optimism through the encryption market. With bulls firmly, analysts closely monitor the price of the price as BTC enters an unknown area.
However, despite the excitement, the gathering shows early cooling signs. According to the data on the series of Cryptoquant, the current momentum slowed 38 % after completion, which is expected technical slowdown after reaching new levels. Historically, Bitcoin often unifies or retracts shortly after violating high levels at all, allowing the market to reset it before continuing its upward direction.
However, the slowdown is not necessarily a downward signal. The behavior of a healthy market may reflect, allowing participants time to restore and enhance the basis for a higher continuous step. As long as the BTC holds higher than the main support levels near 105 thousand dollars, analysts remain confident in the broader upper budget. Whether this monotheism leads to a flowing march of about $ 120,000 or a short -term restoration still must be seen, but there is one clear thing: Bitcoin returns to a price detection situation, and the next step may be decisive.
Bitcoin faces a decisive test amid stagnation fears
Bitcoin interferes in a pivotal stage, trading above the level of $ 110,000, in the face of the opposite winds of the macroeconomic and the increasing optimism of the investor. While fears of the imminent stagnation and the most compromised financial conditions continue to control the main headlines, the work of the bitcoin tells a different story – a story and flexibility. In fact, BTC has increased steadily up despite the high revenues of bonds, the weakening of stock markets, and the uncertainty on a large scale, while highlighting its advanced role as a hedge against instability in the traditional market.
However, in order for this bullish novel to be kept, Bitcoin must be decisively broken from the level of $ 115,000. Doing this would confirm the beginning of the new rush leg up and may attract institutional capital more because the basic principle enters the full price discovery mode. Until then, BTC remains in a critical area that can determine its direction for the coming weeks.
According to the highest analyst Axel AdlerThe current assembly slowed naturally, with the momentum slowed 38 % after the high collapse at all. Adler explains this as a “technical slowdown”, which is a natural pattern where the market unifies or stops temporarily after reaching major landmarks. This “rest” allows to benefit from the sites of relaxation, re -seize liquidity, and the stability of investor morale before the potential rise in the next stage.
Despite the overall concerns, the price structure is still firmly optimistic, and the short -term monotheism may eventually enhance the foundation for another. If BTC is able to maintain the current levels and absorb public resistance, the path may come about 120 thousand dollars sooner than expected. Until then, all eyes remain on Bitcoin’s behavior at a $ 115,000 barrier – a decisive sign that can determine whether this gathering contains more fuel or if the correction is due.
BTC holds more than $ 111,000: The momentum slows down after collapse
The 4 -hour graph for Bitcoin (BTC/USDT) reveals a strong upward trend, where the price currently integrates about $ 111,000 after reaching the highest new level ever at $ 111,356. The price movement is still ascending, holding 34 EMA (green), 50 SMA (blue), and main support levels at $ 103,600 and 100,000 dollars. This structure indicates a healthy continuity pattern, as BTC takes a break after an explosive gathering of less than $ 100,000.
The sound is a little bit, supporting the vision of Cryptoquant that the momentum has been cooled by 38 % – a natural pause after reaching new levels. The moving averages are sharply, with the price of 200 SMA (red) is less than the current price, which reflects a strong upscale momentum and a wide season than long -term directions.
The current monotheism area is similar to a sign or the formation of shelling, which usually precedes another leg if buyers enter with size. However, merchants must monitor any sharp decline to less than 107 thousand dollars, indicating a momentum that fades and increases the risk of correction towards supporting 103,600 dollars.
Distinctive image from Dall-E, the tradingView graph
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