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Bitcoin could exceed $ 110,000 this week, which carried several key signals that announce a rapid increase. This fundamental threshold revives hope and tension, where each investor’s movement determines whether the market is flying or undergoing a brutal decline. Is there a new ATH for BTC?
In short
- Bitcoin could exceed $ 110,000 this week, supported by a fractal cassier pattern and a strong storage on the chain.
- Divergence RSI and key resistors could slow the increase in bitcoins this week.
- The psychological threshold of $ 110,000 crystallizes hope and concern, which is the next phase of the market uncertain.
Bitcoin focuses on $ 110,000 this week
Bitcoins (BTC) show favorable technical and basic features that indicate a rapid procedure of a symbolic threshold of $ 110,000. This promising scenario supports several key indicators, both graphic and on-rinse:
Haussier fractal pattern
The current fractal pattern reproduces prices that preceded a significant increase in bitcoins. Recent consolidation between $ 102,000 and $ 105,000 has swept liquidity, creating a solid base for a future ascending move.
Storage data on the string
Data shows that most holders strengthen their positions:
- Small wallets (<1 BTC) move from distribution to moderate accumulation (~ 0.55);
- Average portfolios (100-1 000 BTC) show high accumulation (~ 0.9);
- Very large portfolios (1,000-10,000 BTC) (~ 0.85) are also accumulated.
This generalized accumulation of bitcoin reflects growing confidence in the effort to ascend. In addition, a recent resistance transition almost $ 105,000 verifies positive dynamics. This is added to the recent detection of the Golden Cross Ryan Lee, the main analyst of Bitget Research, a conventional technical signal that often announces the extended phase upwards.
BTC graphics show the potential of the Golden Cross – where the 50 -day mobile average meets the mobile average in 200 days – several weeks after the missed death in April. Historically, this configuration reflects the arrows from the end of 2024 from $ 70,000 to $ 100,000 and indicates bull dynamics to an area from $ 110,000 to $ 125,000.
These technical and basic factors promote the idea of an increase towards it, even outside it, $ 110,000 per bitcoins this week.
The elements are likely to affect the BTC trajectory
Several technical signals support caution despite bitcoin bulls. On daily graphics, RSI (relative force index) reveals a remarkable directional divergence down: while the price reached almost $ 107,000, RSI limits around 65 years, which compared to the previous peak of approximately 70.
If the daily candle is closed below this level, divergence will be confirmed and will strengthen short -term sales pressure. In order to continue the ascending trend, the BTC will have to quickly exceed $ 120,000 to $ 130,000, preventing confirmation of divergence on a weekly scale.
In addition, certain basic factors slight optimism:
- The segment of small investors holding between 1 and 10 bitcoins remains a net seller, limiting the purchase dynamics;
- A break from support for $ 103,500 would invalidate the fractal pattern of the Haussier and could lead to a return below $ 102,000;
- Finally, macroeconomic uncertainty and volatility of traditional markets could slow the procedure of BTC in the coming days.
Investor’s Psychology Faces in the face of Prague $ 110,000
The $ 110,000 threshold is much more than a simple technical barrier for bitcoins: it crystallizes hope and market concerns. Many investors feel excited about the new record, but also the fear of massive profits. This psychological tension can cause sudden movements between euphoria and withdrawal.
If trust remains solid, the crossing with a strong volume can cause a wool of purchases fed with a snowball effect. On the contrary, brutal rejection at this level could sow panic and amplify volatility. This threshold is a real decisive emotional intersection for bitcoins (BTC).
The critical week opens for bitcoins that is at a crucial moment, oscillates between the explosive potential and the risk of correction. If the current dynamics is confirmed, the new record may drop soon. But in the face of uncertainties, the question remains open: will there be an increase of around $ 110,000 sustainable or temporary?
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.