After an explosive rally of several weeks, Bitcoin interrupted its momentum up at $ 105,000, retraced to find support in the range of $ 101,000 to $ 100,000. This decline follows an aggressive purchase period that has pushed the BTC through several key resistance zones, including $ 90,000 and $ 100,000, triggering optimism on the cryptography market. Although retracent may appear to be a slowdown, many analysts consider it a healthy consolidation before another potential higher leg.
Adding fuel to the wider bullish feeling, cryptocurrency data reveals that over the past 20 days, more than $ 6 billion in liquidity entered the newly issued USDT. This massive capital injection brings Tother's total market capitalization to an impressive $ 150 billion, highlighting investors' interest. With such liquidity flowing in the ecosystem, attention now turns to if Bitcoin can maintain its current support area and continue its thrust towards peaks of all time.
This consolidation period could be essential. If BTC manages to maintain above $ 100,000, the upward trend remains intact. Otherwise, a deeper correction could take place as the market digests recent gains. All eyes are now on price behavior around this critical fork.
Altcoin rotation accelerates as bitcoin stands below peaks of all time
Bitcoin is currently negotiating at a critical level, the Bulls trying to defend the $ 100,000 area and recover $ 103,000 to try an escape over the top of all time at $ 109,000. While BTC remains in a structurally bullish position, he failed to push higher after reaching $ 105,000 last week, triggering a retracement which now tests the key support levels. Holding the $ 100,000 beach is essential to avoid a deeper correction and to maintain momentum in what was one of the strongest rallies of the year.
However, attention is starting to change elsewhere on the market. The superior analyst Axel Adler shared information on X, revealing that $ 6 billion in fresh capital has entered the crypto space in the last 20 days thanks to the newly issued USDT, bringing the total market capitalization of Tether to $ 150 billion. Although this influx of liquidity initially supported Bitcoin overvoltage, the trend recently started to promote altcoins.
While the domination of the bitcoin begins to decrease, Ethereum and other upper altcoins absorb a significant part of the capital entries. This rotation suggests growing investors in higher risk opportunities, especially since ETH recovers key levels and altcoins show an escape potential. If Bitcoin continues to consolidate, the altsason momentum can accelerate more in the coming weeks.
Resistance to BTC tests while buyers defend the key levels
Bitcoin is currently consolidating just below the resistance of $ 103,600 after a net rally which saw the climb down less than $ 90,000 to more than $ 105,000 in less than two weeks. As the daily graphic shows, BTC has repeatedly tested the level of $ 103,600 – an area that acted as a ceiling during the summits of January and March. Despite several escape attempts, the price has not yet secured its own daily closure above this level, indicating high supply pressure.
The support is now around the range of $ 100,000 to $ 101,000, which coincides with the psychological round number and the previous break area. Until now, the bulls have managed to defend this level, showing the strength of maintaining the current structure. The 200 -day SMA at $ 91,781 and the 200 -day EMA at $ 87,508 are much lower than the current price levels, confirming the high rise in Bitcoin but also suggesting a short -term configuration.
A sustained escape greater than $ 103,600 would open the way to the removal of the top of all time to $ 109,000. However, not holding above $ 100,000 could trigger a deeper retirement to lower demand areas. For the moment, Bitcoin remains in an upward posture, but the market awaits confirmation of the volume and the action of prices to validate the next decision.
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