Bitcoin accelerates and returns over $ 100,000: Find our complete analysis and current BTC technical perspectives.
In short
- Technical analysis: Bitcoin is stabilized over $ 102,800, supported by a weekly increase of 10 % and an increase of 33 % of volume. The trend remains up, with momentum improvement.
- Technical levels: Bitcoin over $ 88,177 keeps distortion after a break of $ 100,000. Resistance from $ 1020 can slow dynamics, support from $ 100,790 remains key in the event of withdrawal.
- Market feeling: euphoric market (greed) with institutional influx supported by BTC Spot ETF, which confirms a strong appetite for risk.
- Derivative analysis: derivatives confirm a growing purchase pressure, carrying an increase in open interest, CVD imbalances and liquidation shorts. High positive financing emphasizes optimism, but requires monitoring the risk of overheating.
- Forecasts for Bitcoin Course: Haussier Scenario remains privileged over $ 91,700, with potential measured. In the event of a break, the download may be more pronounced. The confirmation will depend on the next American macroeconomic signalists.
BTC/USD Technical Analysis
| Indicator | State | Comment |
|---|---|---|
| Spot price | 102 895 $ | Permanent increase with a clear transition of an area of $ 100,000 |
| The latest weekly variations | 10 % | Pure renewal after the consolidation phase indicates a renewed interest. |
| The latest weekly variations | 42.73 (+33 %%) | Activity goes up and confirms the market membership of the price increase. |
| Trend with a long term (SMA 200) | Up | Clear ascending trend, verification of positive basic dynamics. |
| Middle Trend (SMA 50) | Up | Dynamics when accelerating with a clearly ascending trend. |
| Short -term trend (SMA 20) | Up | A significant increase in phase with very recent shortness of breath. |
| Mobility | Recovery | Positive and expanding momentum, indicating a bull restart. |
Bitcoin has reached $ 104,200, transmitted by a permanent increase and a net crossing of an area of $ 100,000, a main technical level. The weekly change +10 % confirms sincere recovery after the consolidation phase, which reflects the restored interest. The weekly volumes increased by 33 %and reached 42.73 billion, a sign of growing market membership. Trends are up on all horizons – short -term, medium and long -term – with acceleration of dynamics and mild short -term shortness of breath. Momentum is recovery, confirms the ongoing bull movement and verifies the solid restarting scenario.
Bitcoin Technical Level (BTC)
| Indicator | State | Comment |
|---|---|---|
| Resistance | 105 720 $ / 107 300 $ / 109 354 $ (ATH) | Critical areas, potential Prague distribution. |
| Support | 100 790 $ / 91 700 $ / 82 765 $ | Main levels of defense, probable accumulation zone. |
| The last daily break | $ 98,000 – $ 100,000 | Resistance crossed, distortion continues. |
| Monthly beer | 88 177 $ | Reference level for the trend of the month under the course. |
| High -value area | $ 105,000 | High volume area; The upper terminal of the market balance, which may occur imbalance. |
| Low -value area | 84 302 $ | High volume area; Low limit of market balance, which may occur imbalance. |
Bitcoin develops above its lunar swivel point ($ 88,177) and consolidates distortion distortion reinforced by a recent break in the $ 98,000-100,000. Resistors for $ 1020, $ 107 330 and BTC ATH for $ 109,354 are critical sills that are likely to cause profit. On the other hand, the supports placed between 100 790 and $ 82,765 offer solid defensive areas that contribute to accumulation. The location of a high value with a high value ($ 105,000) indicates an equilibrium approach for which the bull imbalance could begin or raise a defensive market reaction.
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)
| Indicator | State | Comment |
| Open interest | Increase | Speculative positioning of a growing, growing interest. |
| CVD | Buyer’s dominance | Most streams of purchase, imbalance in favor of buyers. |
| Disposal | Strong, side side | Bulk disposal on the short side, sign of the seller’s surrender. |
| Financing rate | tall and positive | High financing, distortion signal and higher costs for a long time. |
The current data show renewed speculative interest with an increase in open interest, supported by dominant shopping flows (CVD) and massive liquidation on the short side, indicating the surrender surrender. Funding financing at a high and positive level reflects significant bias and increased cost of purchasing position maintenance. All signals reflect the growing shopping pressure and feelings up the market. However, this case invites us to remain attentive for signs of possible overheating.
| Indicator | State | Comment |
| Sale of liquidation zone | ≈ 107 200 $ – 108 200 $ / 109 300 and 109 900 – 110 500 | Sensitive areas in case of escape, risk of motion enhancement. |
| Buyer liquidation area | ≈ 93 400 $ – 90 900 $ / 87 700 – 85 400 $ and $ 84,000 – $ 80,000. | Reduce critical thresholds, potential flushing areas. |
The market has several key liquidation zones for monitoring. Between $ 107 and $ 108,200, then around $ 109,300, as in the £ 109,900 zone for $ 110,500, the bull break can lead to the acceleration of the movement. Conversely, the levels between $ 93,400 and $ 90,900, $ 87,700 for $ 85,400, and a wide area of between $ 84,000 and $ 80,000, are critical thresholds in the case of resignation with a high risk of Cascade disposal. These areas represent levers and should be considered as potential volatility points.
Forecasts for a bitcoin course (BTC)
Haussier Screenplay:
- Conditions: Maintenance over $ 91,700.
- Objectives: 105 720 $ / 107 300 $ / 109 354 $ (ATH).
- Potential: approximately +6.25 % increases from the current level.
Lower scenario:
- Conditions: interruption of support to $ 91,700.
- Objectives: 88 177 $ / 82 765 $ / 80 000 $ – 78 450 $.
- Potential: approximately -24 % decreases from the current level.
Comment:
The bullshit remains, but American macroeconomic indicators such as IPC, retail sale, or even a speech of Jerome Powell, will be decisive to confirm this scenario.
Conclusion
Bitcoin maintains bias with supported positive price dynamics, volume and global feeling. The buyer’s commitment remains strong and strengthens the scenario of the bull’s prosecution. In this context, however, the vigilance is necessary to face possible dyspnoea or overheating. Particular attention should also be paid to macroeconomic and geopolitical factors, which would probably strongly affect market behavior in the short term. 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 XRP analysis.
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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.
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