After a remarkable recovery of Bitcoin, it again tests the threshold value of the key. Find our complete analysis and current BTC technical perspectives.
In short
- Technical analysis: Bitcoin develops around $ 105,230, in a bull trend despite a decrease in volume (-4.6 %) and slim.
- Key levels: bias over $ 105,700, $ 107,000 resistors and $ 109,354, supports up to $ 93,436.
- Market feeling: Euphoria transmitted by BTC Spot ETFS, signals a strong appetite for risk.
- Derivative market: open interest raising, balanced flows, positive financing – slight distortion.
- Forecasts: Target at $ 109,354 (+4 %). In the case of a break, it is possible to withdraw around $ 93,426 or even $ 84,000 (-20 %) depending on the macro context.
BTC/USD Technical Analysis
| Spot price | 105 230 $ | Successful increase with a key transition of resistance. |
| The latest weekly variations | + 1.7 % | Slight recovery after consolidation phase. |
| The last week’s volumes | 31.3 B (-4.6%) | A slight decrease in activity, reflecting the slowdown of interest. |
| Trend with a long term (SMA 200) | Up | Trends firmly up, confirming the positive basic dynamics. |
| Middle Trend (SMA 50) | Up | Clear acceleration of ascending dynamics in the medium term. |
| Short -term trend (SMA 20) | Up | Phase of permanent increase, despite mild recent dyspnoea. |
| Mobility | Decrease | Folding in the surahat zone, which indicates the weakening of dynamics. |
Bitcoin is replaced around $ 105,230, transmitted by a permanent increase and a key technical crossing. During the week, the market increased by +1.7 %, which meant a slight recovery after consolidation. Weekly volumes will reach $ 31.3 billion, which is 4.6 %, which is a sign of a slight decrease in activity. Trends remain up in all periods: short (SMA 20), medium (SMA 50) and long -term (SMA 200), translating solid dynamics. Momentum, down from the area through the racket, indicates a possible short -term slowdown.
Bitcoin Technical Level (BTC)
| Resistance | 107 000 $ – 107 300 $ / 109 354 $ (ATH) | Critical areas, potential Prague distribution. |
| Support | $ 102,100 – 100 700 $ / 93 436 $ | Main levels of defense, probable accumulation zone. |
| The last daily break | 105 700 $ | Resistance crossed, distortion continues. |
| Monthly beer | 88 177 $ | Reference level for the trend of the month under the course. |
| High -value area | 105 600 $ | High volume area; The upper terminal of the market balance, which may occur imbalance. |
| Low -value area | 84 150 $ | High volume area; Low limit of market balance, which may occur imbalance. |
Bitcoins face significant resistance between $ 107,000 and $ 107,300, with a historical summit to $ 109,354, which is likely to cause profits. The main support is between $ 102 and $ 100,700, then at $ 93,436, which represents a potential accumulation level. The last daily break at $ 105 700 confirms distortion distortion. The monthly swivel point at $ 88,177 remains a key mark, significantly below the current course. Finally, the value areas at $ 105,600 (high) and $ 84,150 (low) define market terminals whose rupture could point out an imbalance.
Feeling of market
| Feeling of market (The index of fear and greed) | Greed | Euphoric feeling that confirms the return of taste to risk. |
| FLOW ETF BTC Spot (network streams) | Tide | Institutional flows support the current trend. |
The market develops in the classroom zone, a reflection of euphoric feeling and a clear renewed appetite for risk. BTC Spot ETF records a significant tide, which indicates a clear institutional support of current dynamics ascending.
The current technical analysis was carried out in cooperation with ElyfeAND 0xhugzerInvestors and popularizers on the cryptocurrency market.
Derivative analysis (BTC/USDT)
| Open interest | Increase | Speculative positioning of a growing, growing interest. |
| CVD | Balance | Relatively stable flow, lack of significant imbalance. |
| Disposal | Weak, without bias | Mild and balanced liquidation activity, no significant directional pressure signs. |
| Financing rate | A little positive | Light distortion distortion, mild bonus for long positions. |
The indicators suggest that the market in construction, marked by an increase in open interest, reflects a growing speculative interest. CVD refers to balanced flows without clear domination between buyers and sellers, while the level of liquidation remains low and without bias, indicating the absence of forced pressure in one or the other direction. Finally, a slightly positive financing Spandes reveals a slight advantage on the side of the buyer without overheating the signal or excessive optimism.
| Sale of liquidation zone | ≈ 107 400 $ – 109 500 $ | Sensitive areas in case of escape, risk of motion enhancement. |
| Buyer liquidation area | ≈ 93 400 $ – 92 400 $ / 83 700 – 81 000 $ | Reduce critical thresholds, potential flushing areas. |
Bitcoin is supervised by two key liquidation zones. Ascending area between $ 107,400 and $ 109,500 is a concentration of sales disposal, it is likely to increase the escape if it is activated. The UN has decreased, critical thresholds between $ 93,400 and $ 92,400, then lower between $ 83,700 and $ 81,000 are a vulnerability area where the movement for the purchase of surrender could be started.
Forecasts for a bitcoin course (BTC)
Haussier Screenplay:
- Conditions: Maintenance over $ 1062.
- Objectives: 107 091 $ / 109 354 $ (ATH).
- Potential: approximately +4 % increases from the current level.
Lower scenario:
- Conditions: Interrupting support to $ 1062.
- Objectives: 93 426 $ / 91 713 $ / $ 84,000.
- Potential: approximately -20 % decreases from the current level.
Comment:
The bunch of bullies remains bullied, but American macroeconomic indicators and news about global geopolitical context will be decisive to confirm this scenario.
Conclusion
Bitcoin shows the overall dynamics of an ascending, supported by a solid technical trend and a significant return return to risk. This feeling is favorable, strengthened by the growing interest of institutional investors. However, some signs of short -term slowdown require caution. This trend remains positive, but its confirmation will largely depend on the development of macroeconomic and geopolitical context. In this context, it will be necessary to carefully monitor the strategic price response to confirm or modify the current forecasts.
Finally, remember that these analyzes are only based on technical criteria and that cryptocurrencies can develop rapidly according to other basic factors.
Are you interested in this study? Find our latest Ondo analysis.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Elyfe specialist in technical analysis decrypts graphic trends on the markets of cryptocurrencies with strict and constantly evolving approach. Through its detailed analyzes, it brings an enlightened view of prices dynamics, helps investors and enthusiasts better understand and predict market movements.
The provisions of unwavering:
The content and products listed on this page are in no way approved by Cointtribunian and should not be interpreted as responsibility.
Cointribune seeks to communicate all available information to the readers, but cannot guarantee its accuracy and exhaustion. We invite the reader to find out before any event concerning the company and also take full responsibility for their decision. This article cannot be considered as investment advice, offer or invitation to purchase all products or services.
Investments in digital financial assets include risks.
Read more