Bitcoin is back on the radar of merchants after having rebounded on a solid level of support close to $ 102,500. All eyes are now on the graphics, where technical signals and the action of past prices refer to a possible movement up to $ 115,000. The price is stable and things seem to wrap for a potential escape.
The best Cryptosbatman analyst helped attract even more attention to this configuration. On X, he highlighted the structure of the own graphic and reminded subscribers that similar models in the past have led to solid pumps of 11% +. With the consolidation of BTC prices and the downward trend line already tested, many in the cryptographic community ensure a test that could reflect these previous gatherings.
The BTC price graph shows repeated bullish models
A more in -depth examination of the 4H BTC graph reveals a repeated scheme for consolidating prices followed by two -digit gains. The two previous rallies, marked in April and May, saw gains of 12.27% and 11.12%, respectively. Everyone occurred after BTC stabilized near a level of support and moved through a descending trend line.
The current configuration shows that Bitcoin translates slightly over $ 105,000, resting above a key horizontal support area almost $ 102,500. This level has been tested several times, validating it as a reliable area where buyers intervene. A falling corner model has also been formed, generally known as an upward structure, which suggests that an escape could follow if the BTC price violated the upper limit of the corner.
BTC support holds the downward line pressure
Support for $ 102,500 kept firm by several attempts to break. This horizontal level is marked on the graph as “verified support”, and it seems to act as a base for the following movement possible. The resistance line formed by lower peaks continues to compress prices, more signaling a potential break.
Cryptosbatman stressed that this configuration looks like previous moments before major upward movements. He noted that the market had completed a consolidation phase and that the downward trend line has already been tested, which suggests that the resistance could weaken. These conditions led to increased speculation on an escape from the range of $ 115,000 to $ 117,000.
Read also: the XRP price on the edge while the Ripple deadline on June 16 approaches
The merchants monitor the momentum near the escape zone
Although the current price action remains in a defined beach, the compression between the support and the resistance often indicates that a movement is close. Analysis of BTC graphics shows a convergence of trend lines, indicating a narrowing window for volatility. If the pattern takes place online with the previous instances, the upward movement could be rapid and correspond to the scale of previous rallies.
Participation in volume and market remains the key variables to confirm any escape. Traders continue to monitor technical configurations and feelings on social media platforms for confirmation. Until a clean movement above the descending trend line takes place, BTC Price Remains in its consolidation structure, with the $ 102,500 support acting as the key level to be monitored.
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