Bitcoin accelerates and returns above $ 100,000: find our full analysis and the current technical perspectives of the BTC.
In short
- Technical analysis: Bitcoin stabilizes above $ 102,800, supported by a weekly increase of 10 % and an increase of 33 % of volumes. The trend remains upward, with an improvement momentum.
- Technical levels: above $ 88,177, Bitcoin keeps a bias bias after the break of $ 100,000. Resistance from $ 105,720 can slow the momentum, supports from $ 100,790 remain key in the event of withdrawal.
- Market feeling: Euphoric market feeling (greed) with institutional influx supported via the BTC Spot ETF, confirming a strong appetite for risk.
- Analysis on derivatives: derivatives confirm an increasing buying pressure, carried by the increase in open interest, the imbalance of the CVD and the liquidations shorts. High positive funding highlights optimism, but calls for monitoring a risk of overheating.
- The forecasts for the Bitcoin course: the Haussier scenario remains privileged above $ 91,700, with a measured potential. In the event of a break, the withdrawal could be more marked. Confirmation will depend on the next American macroeconomic signals.
BTC/USD technical analysis
| Indicator | State | Comment |
|---|---|---|
| Spot price | $ 102,895 | Sustained increase with clear crossing of the $ 100,000 area |
| Latest weekly variations | 10 % | Net resumption after a consolidation phase, signaling a renewed interest. |
| Latest weekly variations | 42.73 (+33 %%) | The activity is going upwards, confirming market membership to the rise in the price. |
| Long -term trend (SMA 200) | Upward | Clearly upward trend, validating a positive basic dynamic. |
| Medium -term trend (SMA 50) | Upward | Dynamics in acceleration with a clearly upward trend. |
| Short -term trend (SMA 20) | Upward | Marked increase phase with a very recent shortness of breath. |
| Momentum | Resumption | Positive and expanding momentum, indicating a bullish restart. |
Bitcoin reached $ 104,200, carried by a sustained increase and a net crossing of the $ 100,000 area, a major technical level. The weekly variation of +10 % confirms a frank recovery after a consolidation phase, reflecting a renewed interest marked. Weekly volumes increased by 33 %, reaching 42.73 billion, a sign of increasing market membership with current dynamics. The trends are upwards on all horizons – short, medium and long term – with an acceleration of dynamics and a slight short -term shortness of breath. The Momentum is in recovery, confirming an in progress bullish movement and validating the scenario of a solid bruise restart.
Bitcoin technical levels (BTC)
| Indicator | State | Comment |
|---|---|---|
| Resistances | $ 105,720 / $ 107,300 / $ 109,354 (ATH) | Critical areas, potential distribution thresholds. |
| Support | $ 100,790 / $ 91,700 / $ 82,765 | Major defense levels, probable accumulation zones. |
| Last daily break | $ 98,000 – $ 100,000 | Resistance crossed, bias bias continues. |
| Monthly pivot | $ 88,177 | Reference level for the trend of the month below the course. |
| High value area | $ 105,000 | High volume area; Upper terminal of a market balance, beyond which an imbalance can emerge. |
| Low value area | $ 84,302 | High volume area; Low limit of a market balance, beyond which an imbalance can emerge. |
Bitcoin evolves above its monthly pivot point ($ 88,177), consolidating a bias bias reinforced by the recent break in the $ 98,000-$ 100,000 area. Resistors at $ 105,720, $ 107,330 as well as the BTC ATH at $ 109,354 are critical thresholds likely to trigger profit. Conversely, the supports located between $ 100,790 and $ 82,765 offer solid defense areas, conducive to accumulation. The positioning of the price close to the high value zone ($ 105,000) suggests a balance approach, beyond which a bullish imbalance could start or arouse a defensive market reaction.
Market feeling
| Market feeling (Fear & Greed Index) | Greed | Euphoric feeling which confirms the return of the appetite for the risk. |
| Flow ETF BTC Spot (net flows) | Significant influx | Institutional flows support the current trend. |
The market is evolving in a greed zone, a reflection of an euphoric feeling and a clear renewed appetite for the risk. The BTC Spot ETF record significant influx, indicating clear institutional support for current upward dynamics.
Current technical analysis was carried out in collaboration with ElyfeAnd 0xhugzerinvestors and popularizers on the cryptocurrency market.
Analysis on derivatives (BTC/USDT)
| Indicator | State | Comment |
| Open Interest | Increase | Speculative positioning increasing, growing interest. |
| CVD | Buyer dominance | Majority purchase flows, imbalance for the benefit of buyers. |
| Liquidation | Strong, side side | Mass liquidations on the short side, sign of seller capitulation. |
| Funding Rate | high and positive | High financing rate, signal of a bias bias and a higher cost for long. |
Current data show a renewed speculative interest with an increase in open interest, supported by dominant purchase flows (CVD) and massive liquidations on the short side, suggesting a seller capitulation. Funding spokes, at a high and positive level, reflects a marked bias and an increased cost for the maintenance of buying positions. All of the signals reflects increasing buying pressure and an upward -oriented market feeling. However, this case invites us to remain attentive to the signs of possible overheating.
| Indicator | State | Comment |
| Selling liquidation zone | ≈ $ 107,200 – $ 108,200 / 109,300 & 109 900 – 110,500 | Sensitive areas in case of breakout, risk of amplification of movement. |
| Buyer liquidation area | ≈ $ 93,400 – $ 90,900 / 87,700 – $ 85,400 & $ 84,000 – $ 80,000. | Decrease critical thresholds, potential flush areas. |
The market has several key liquidation zones to monitor. Between $ 107,200 and $ 108,200, then around $ 109,300 as well as in the $ 109,900 zone at $ 110,500, a bullish break could result in an acceleration of the movement. Conversely, the levels between $ 93,400 and $ 90,900, $ 87,700 at $ 85,400, as well as the wide area between $ 84,000 and $ 80,000, constitute critical thresholds in the event of withdrawal, with a high risk of cascade liquidation. These areas represent levers and should be considered as potential volatility points.
Forecasts for the Bitcoin course (BTC)
Haussier scenario:
- Conditions: maintenance above $ 91,700.
- Objectives: $ 105,720 / $ 107,300 / $ 109,354 (ATH).
- Potential: approximately +6.25 % increase since the current level.
Lower scenario:
- Conditions: Break in support at $ 91,700.
- Objectives: $ 88,177 / $ 82,765 / $ 80,000 – $ 78,450.
- Potential: approximately -24 % decrease since the current level.
Comment :
The bias remains bullish, but the American macroeconomic indicators such as the IPC, retail sales or even the speech of Jerome Powell will be decisive to confirm this scenario.
Conclusion
Bitcoin keeps a bias bias supported by a positive dynamic on prices, volumes, and global feeling. The buyer commitment remains strong, strengthening the scenario of a bullish prosecution. However, in this context of marked confidence, a vigilance is essential in the face of possible shortness of breath or overheating. Particular attention should also be paid to macroeconomic and geopolitical factors, likely to strongly influence market behavior in the short term. In this context, it will be essential to closely monitor the reaction of prices at strategic levels in order to confirm or adjust current forecasts.
Finally, remember that these analyzes are based solely on technical criteria, and that the course of cryptocurrencies can evolve quickly according to other more fundamental factors.
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