After a quiet consolidation weekend just below its top of all time, Bitcoin prepares the way for what could be a pivotal week. Exchanging around $ 109,000, the BTC remains less than 3% below its record summit of almost $ 112,000 and the momentum is clearly built. With the bullish structure intact and the tightening of volatility, analysts are more and more confident that an imminent break.
Several analysts of large conviction now call for a major increase in prices, citing both a strong action for prices and bull signals on the chain. The market seems to be rolled up for a movement, and the historic patterns suggest that such periods of tight trading at the range of beach near the peaks often precede clear ascending impulses.
In support of these perspectives, cryptocizing data reveal that shorts are in a hurry on the main exchanges. The volume of purchase of takers has increased, indicating that aggressive buyers intervene while short -speeding positions are forced to go out. This dynamic often leads to rapid prices extensions because liquidity is delighted on the side of the sale.
Bitcoin flirts with price discovery as shorts are in a hurry
Bitcoin is negotiated just below its summit of all time almost $ 112,000, oscillating about $ 109,000 at $ 110,000 while the market enters a critical phase. The next few days could prove to be decisive to confirm whether the BTC continues its ascending trajectory or breaks to consolidate more. Although the technical structure remains optimistic, external factors – in particular the increase in global tensions and the climbing of commercial conflicts between the United States and other nations – should influence the feeling and the orientation of the market.
Despite this uncertainty, many high condemnation analysts think that an escape is close. The data on the chain and the derivatives continue to support this point of view, indicating a strong underlying dynamic. One of the clearest signals comes from the best Maartunn analyst, which Shared recent data Showing the Bitcoin Taker's purchase volume exceeded $ 110.7 million in all major exchanges. This metric follows the aggressive market buys and highlights increasing upward pressure.
The volume of the purchase of Spike in Taker suggests that shorts are now eliminated from the market. As the short positions overvalued are liquidated, the prices are pushed above, creating a feedback loop which accelerates the movement upwards. This dynamic is often seen before major prices extensions.
With BTC holding just under its sellers of all time and short -underwater, Momentum seems to promote Bulls. If Bitcoin exceeds $ 112,000 with volume confirmation, it could quickly explore prices with targets ranging from $ 120,000 to $ 140,000 in the short term.
Weekly fence with record summits
Bitcoin is traded at $ 109,742 on the weekly graphic, holding just below its top of all time after an impressive rally of several weeks. Price action shows a strong continuation, BTC now displaying its eighth weekly a consecutive green candle – a clear sign of bullish impetus and sustained purchase interest. The level of $ 103,600, previously a resistance to several months, was properly returned to the support and now anchors the current leg of the upward trend.
The 34 -week EMA, currently at $ 89,265, increases sharply and remains well below the current price, strengthening the strength of the movement in progress. All major mobile averages (50, 100 and 200 weeks of SMAS) are upward and largely separated, reflecting a healthy long -term trend structure.
What is particularly notable in this graph is the majority of major resistance above the current levels. The BTC pushing in the discovery of prices, the next movements will probably be motivated by the momentum and the feeling of the market rather than by predefined technical obstacles.
The volume remained consistent, showing no sign of distribution. If Bitcoin can close the week above $ 110,000, it would mark the highest weekly close in history, adding more confidence to the bullish thesis and perhaps attract more institutional capital. The scene is ready for potential prosecution around $ 120,000 and beyond.
Dall-e star image, tradingview graphic
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