The highest new level ever at 112 thousand dollars, but the bulls reached a stop near 111 thousand dollars

Bitcoin topped the headlines, where it set a new record worth $ 112,000 before it fell slightly. As of now, it hovers about $ 110,900, and it is still impressive to maintain the edge of merchants. Breakout pushed the maximum Bitcoin market via GDP of the entire countries, including Sweden and Saudi Arabia, and let the traders wonder: Is this just a beginning?

Unlike the previous gatherings, this noise is not fed alone. Technical preparation, macro, and global capital flows are all aligned. But the momentum does not last forever, and the levels of RSI flash early signs of fatigue.

Why do Bitcoin gather more than just the price

Here is what makes this step different:

• Institutional capital-major flows of pension funds and sovereign wealth entities were reported after half
• FIAT viral comparisons – starting today, Bitcoin is now more than entire national currencies, including the Taiwanese and Russian rubles.
• Altcoins is backward, which is what is happening historically before rotation – this analysts call “BTC’s dominance” pressure

Bitcoin scheme analysis

Bitcoin cools just less than the record levels, but the structure still prefers bulls. This is what the graph says:

• The resistance has been rejected for $ 112,000, and now it works as a psychological cover
• Current price: 110,948 dollars, is still in the hack area
• Support levels to watch:
  • 109,391 dollars – Simple support from Wednesday’s rise
  • 105,198 dollars – the previous penetration level, which has now been re -tested as support
  • 100,114 dollars – the main psychological area and round number
• RSI: 72.05-in excessive peak lands, hints to a possible slowdown in the near term
• MACD is still green, with a chart flattening – stop in momentum

See too

What is the next BTC price?

Bitcoin Bulls is now an important test: Can it turn $ 112,000 to support? If so, the road to 120,000 dollars open quickly, especially if Altcoins remains a distinctive.

However, if the price decreases less than 109,000 dollars, short -term traders can see a deeper drop to 105 thousand dollars, as buyers were active.

Bitcoin is now treated like digital gold, and this week is enhanced. World newspapers talk about Bitcoin currencies as a cash giant, larger than national currencies and is confined to the central bank drainage.