Bitcoin shows a great power as it continues its upward momentum, as it has risen to its highest level to reach a sign of $ 112,000 yesterday. The price currently retains a firmness exceeding $ 110,000, which is the decisive level that now works as support as the bulls aim to extend the gathering. This penetration emphasizes a strong bullish structure, as market morale tends to increase in an increasingly positive. However, despite the enthusiasm, caution sneaks at a time when analysts highlight the increasing potential of the short -term decline.
According to the new data from Cryptoquant, the BPT price temperature (BPT) – a scale used to measure the high temperature in the market – has risen to 2.67 points. For context, the last summit recorded the 2.75 and 3.57 BPT values, with average peak of the cycle near 3.14. While Bitcoin still has a space before it reaches this historical average, the increasing BPT indicates the installation pressure and the market that may approach the feverish conditions.
With a momentum still strong but the emerging warning signs, all eyes are now on whether Bitcoin can maintain its current course, or if the pressure on the sale will move the next ftermal stage while it was a strong market. Do you challenge BTC history and push with new legs?
Bitcoin pushes up with a high global risk
With the high revenues of the US Treasury and the intensification of recession, global markets are moving in the fragile macroeconomic environment. Interestingly, Bitcoin appears to be prosperous in this context. After violating its highest level ever, the BTC remained strong over the $ 110,000 sign, which shows flexibility even with the stumbling of traditional assets.
This force ignited optimism between the bulls, as many expected a continuous gathering. However, analysts warn that a level of $ 115,000 must be wiped to confirm the start of a new rising stage. Failure to retain current levels can lead to severe correction, especially with the broader economic uncertainty in playing.
Senior analysts The most prominent Axel Adler recently An important signal of market temperature: BPT price temperature. According to Edler, BPT now reached 2.67 points. For context, the last two BPTs peaks of 2.75 and 3.57 witnessed, with average peak sitting at 3.14. This leaves a remaining gap of 0.47 BPT only before matching the historical average.
Although this does not guarantee an immediate top, it indicates that BTC may approach the feverish conditions. With this in mind, merchants are closely monitored. Will Bitcoin continue, or is this calm before the necessary slowdown?
BTC Daily Chart Analysis: Bulls carry control but the next main levels
Bitcoin maintains the stability of approximately $ 111,000 after interruption to the highest level ever, indicating a strong rise. The Daily Chart explains that BTC has successfully overturned the resistance area of $ 103,600 to support, which represents an important artistic mark. The price is much higher than 34 EMA at $ 100,246, which has now turned up, indicating the power of short -term trend. Meanwhile, 50, 100 and 200 SMA continues to decline positively, adding confidence to the medium and long -term direction.
The volume decreased slightly compared to the collapse days, indicating that the unification period may follow. However, BTC is still within a strong upper bullish structure, and the constant closure can lead above $ 112,000 to lead to the following impulsive leg about $ 115,000 or higher.
However, if the bulls fail to bypass this region, we may see a health decline of about $ 103,600 or even the psychological level of $ 100,000 – which must now work as strong support. RSI and Momntum indicators on the least timelines of cooling are shown, in line with the current monotheism.
Distinctive image from Dall-E, the tradingView graph
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