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Bitcoin rose to $ 104,300, confirming the bullish trend and promoting upscale expectations that many analysts expect for 2025. This step is placed in the depth of the range, with the next main challenge on the horizon now: the highest level at all times at 109,000 dollars. The strength of the market comes against the backdrop of strong technical performance and increasingly optimistic feeling, as BTC continues to lead the encryption rally and Altcoins.
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The data on the series of Cryptoquant adds more to the bullish narration. One of the distinguished scale highlights the increasing confidence between adult holders: the absolute difference between the price of new whales and ancient whales is now 59.7 thousand dollars. Specifically, the new whales entered the market at an average price of 91.9 thousand dollars, while the basis of old whales remains at 32.2 thousand dollars. This translates into a relative of 185 % spreads into a long-term standard (LTH)-a tremendous difference.
This wide gap indicates that a new wave of high condemnation buyers enter the market at significantly high prices. Unlike the accumulation of cautious whale during the lowest levels of the previous session, this stage reflects a strong belief in continuing in the upward trend, even at the distinct levels. It is a clear sign that FOMO may be kicked.
Bitcoin faces resistance at 104 thousand dollars, as whale activity indicates
Bitcoin is currently facing resistance on the $ 104,000 brand-a level that may take a long time to collapse because it represents an important barrier before entering prices above the highest level ever near $ 109,000. The last gathering showed noticeable strength, but with BTC’s incorporation at the bottom of ATH, it is expected some of the pressure pressure. A successful penetration can lead to a rapid increase of more than $ 109,000; However, failure to do so may lead to uniformity or short -term decline.
The best analyst Axel Adler shared key Visions on the chain on x This highlights the advanced psychology of the largest bitcoin holders. According to ADLER, the absolute difference between the price of the new whales (91.9 thousand dollars) and the old whales (32.2 thousand dollars) is 59.7 thousand dollars, which represents a relatively 185 % on a long -term pregnant woman (LTH). This sharp difference reveals that the new “whales” enter the market in nearly three times the price of the first expatriates.
In comparison, the spread itself was only in November 2022, 62 %, indicating more cautious accumulation near the bottom of the market. The current increase to 185 % reflects the increasing confidence and FOMO, with the adult buyers ready to accumulate even at high prices. For the context, during the peak of the 2021 cycle at 63 thousand dollars, the difference expanded to 437 %.
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This trend indicates that the market enters the stage of more aggressive accumulation, as belief in prices leads to an increase in demand despite the bonus. If Bulls managed to accommodate the resistance about 104 thousand dollars, the beginning of a reward-not only by momentum, but by condemning each of the retailers and betting institutions at the highest new level ever.
BTC price analysis: the main levels of viewing
Bitcoin is trading about $ 103,000 after $ 104,300 earlier today. The 4 -hour graph shows BTC resistance at $ 103,600, which is compatible with a major supply zone starting in late December 2024 and early January 2025. This area was a previous rejection point during the last major gathering and is now tested again as a potential resistance.
The last BTC increased from the unification area of 87 thousand dollars and 90 thousand dollars in aggressive, as it exceeds 200 EMA and 200 SMA (currently at 91,806 dollars and 89,400 dollars, respectively) with a strong size. This confirms the upcoming power and the continuation of the direction, indicating that buyers are still in control. However, the current range ranges between 103 thousand dollars and 104 thousand dollars is historically important, and the bulls may need to absorb the pressure pressure before trying to move towards the highest level ever near 109 thousand dollars.
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If BTC unifies more than $ 100,000 and holds this level as a new support, it will enhance the issue to continue the upward trend. On the other hand, failure to break more than 103,600 dollars cleanly can lead to a short -term decline. The market structure is still optimistic in general, but this resistance area will be decisive in determining whether Bitcoin is entering the discovery of prices or stopping to accumulate.
Distinctive image from Dall-E, the tradingView graph
