Bitcoin is traded by only 5 % less than its height at all about 109,300 dollars, and uniformity after a strong multi -week gathering captured the interest of the market. The bulls remain in control, while showing the movement of the price strong flexibility above the psychological level of $ 100,000.
As the market stops to find the direction, speculation grows around what comes after that. Some analysts believe that monotheism is merely calm before the tremendous collapse to its highest level. Others argue that bitcoin may need to be corrected first, and the weak hands are shaken before continuing at the top.
The best analyst Dan Yazan was an artistic perspective, with a highlight of a familiar style that appeared since its lowest level in April. With prices being held firmly in the range of narrowing only under the resistance, the next step is expected to set the tone of the coming weeks. Whether it is Clean outbreak Top 109 thousand dollars or short -term recovery, all eyes on the next decisive Bitcoin step.
Discovering ox ophthalmic prices as Bitcoin tests the main resistance
Bitcoin is about to enter the price detection mode as the bulls aim to penetrate a brand of $ 105,000 and challenge the highest level at all times near $ 109,000. After getting more than 40 % since its lowest level on April 9, the assets entered a critical stage, as investors closely monitor for the decisive collapse. Despite facing local resistance, the continuous momentum has survived in recent weeks alive feelings.
According to DanBitcoin’s last behavior reflects a pattern noted since April recovery. The course was consistent: a strong upward step, followed by tight monotheism, then another higher leg.
Dan suggests “monitoring this domestic domain and waiting for collapse in either direction” as the most strategic path. Instead of trying to predict the next step, it is advised to respond to the emphasis on the plans.
With bitcoin near the resistance, the market remains sensitive and vulnerable. The collapse can ignite over $ 105,000 a strong transition to an unknown area, which leads to a strong purchase attention. However, failure to scan this level may lead to a call for short -term corrections. With Bitcoin at a pivotal turn, bulls and bears are preparing for high risk movements that can determine the direction for the coming weeks.
Technical Details: BTC merges after the explosive assembly
The graph shows that bitcoin merges slightly less than the level of resistance of $ 105,000 after an explosive march that started in early April. Work is still strong, as BTC is currently trading about $ 103,820 – a level now has become a battlefield between Bulls and Bears. The bullish trend is still intact, with the support of SMA for 200 days at 92,316 dollars, and EMA for 200 days at $ 87,993, both much lower than the current and slope price up, confirming the bullish momentum.
The size decreased slightly during the past few sessions, which are compatible with the standardization stage. However, this can be a healthy stop as the market digestion is gained from the last penetration above $ 100,000. The narrow range indicates between 103,600 dollars and 104,800 dollars that the penetration in either direction can lead to great fluctuations.
If Bulls managed to decisively pay BTC for 105 thousand dollars, it is possible that the transition to discovery of prices is targeting the highest level ever about 109 thousand dollars. On the other hand, failure to break this range may decline to the support area of $ 100,000, which must stick to preserving the upper structure.
Distinctive image from Dall-E, the tradingView graph
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