Restore this level will open the door to a new height at all

After a noticeable recovery, Bitcoin rose towards a master’s degree every 200 days from 88 thousand dollars. This price zone is very important, as if the original is successfully recovering it, a boom can show about 109 thousand dollars.

Technical analysis

by Shayan

Daily chart

BTC has recently organized a prominent bullish recovery after creating strong support in the demand area from $ 75,000 to $ 80,000. This upward step has paid the price towards a decisive resistance area on the 88,000 dollar sign. This level is especially important because it coincides with the average of both moving averages for 100 days and 200 days, in addition to the high daily assets of the assets, which makes it a huge barrier for bulls.

Given the confluence of resistance factors, Bitcoin is expected to enter into a temporary unification stage around this region. However, if the bullish momentum prevails and the price gives up $ 88,000 with strength, the next main goal is a 93,000 dollar region. A successful breach of this can open the door to a gathering of the highest level ever at 109 thousand dollars.

The graph for 4 hours

In the least temporal framework, Bitcoin was broken over the upper borders of the corresponding channel at a price of 84 thousand dollars, indicating the transformation of the bullish market structure. The penetration followed the decline and continuity, which confirms the validity of the penetration.

The original has now reached a major short -term resistance area at a price of 88 thousand dollars, as it is in line with the previous major swing in this time frame. If Bulls managed to break this level, the path is increasingly resistant to 93,000 dollars. On the contrary, failure to bypass this barrier can lead to a stage of unification less than $ 88,000 before any other directional step.

Series analysis

by Shayan

The last financing rate analysis provides valuable visions in the following potential moves of Bitcoin. During the last market sales process, prices and financing prices decreased significantly, indicating cooling the speculative activity in the futures market. This pattern reflects a period from March to September 2024, a stage characterized by extended monotheism and acute corrections that ultimately led to a strong upward gathering.

Now, with the high financing rates again, it indicates that the market participants are increasingly opening long, aggressive sites. If this momentum continues, Bitcoin can recover the resistance level of $ 93,000 and may pay about its highest level ever.