After a notable recovery, Bitcoin again tests a key threshold. Find our complete analysis and the current technical perspectives of the BTC.
In short
- Technical analysis: Bitcoin evolves around $ 105,230, in a bullish trend despite a decline in volumes (−4.6 %) and a slim.
- Key levels: bias bias above $ 105,700, resistances at $ 107,000 and $ 109,354, supports up to $ 93,436.
- Market feeling: Euphoria carried by the BTC Spot ETFs, signaling a strong appetite for risk.
- Derivatives market: Open Interest increasing, balanced flows, a positive funding rate – a moderate bias.
- Forecasts: Objective at $ 109,354 (+4 %). In the event of a break, withdrawal possible around $ 93,426 or even $ 84,000 (−20 %), depending on the macro context.
BTC/USD technical analysis
| Spot price | $ 105,230 | Successful increase with key resistance crossing. |
| Latest weekly variations | + 1.7 % | Moderate recovery after a consolidation phase. |
| Last weekly volumes | 31.3 B (-4.6%) | Slight drop in activity, reflecting a slowdown in interest. |
| Long -term trend (SMA 200) | Upward | Trendy solidly upward -oriented, confirming a positive basic dynamic. |
| Medium -term trend (SMA 50) | Upward | Clear acceleration of upward dynamics in the medium term. |
| Short -term trend (SMA 20) | Upward | Sustained increase phase, despite a slight recent shortness of breath. |
| Momentum | Drop | Folding in the Surachat zone, indicating a weakening of the dynamics. |
Bitcoin is exchanged around $ 105,230, carried by a sustained increase and a key technical crossing. Over the week, the market increased by +1.7 %, marking a moderate recovery after consolidation. Weekly volumes reach $ 31.3 billion, down 4.6 %, a sign of a slight decline in activity. The trends remain upwards over all periods: short (SMA 20), medium (SMA 50) and long term (SMA 200), translating a solid dynamic. Momentum, down from an over -racket area, suggests a possible short -term slowdown.
Bitcoin technical levels (BTC)
| Resistances | $ 107,000 – $ 107,300 / $ 109,354 (ATH) | Critical areas, potential distribution thresholds. |
| Support | $ 102,100 – $ 100,700 / $ 93,436 | Major defense levels, probable accumulation zones. |
| Last daily break | $ 105,700 | Resistance crossed, bias bias continues. |
| Monthly pivot | $ 88,177 | Reference level for the trend of the month below the course. |
| High value area | $ 105,600 | High volume area; Upper terminal of a market balance, beyond which an imbalance can emerge. |
| Low value area | $ 84,150 | High volume area; Low limit of a market balance, beyond which an imbalance can emerge. |
Bitcoin faces significant resistances between $ 107,000 and $ 107,300, with a historic summit at $ 109,354, areas likely to cause profits. The major supports are between $ 102,100 and $ 100,700, then to $ 93,436, representing potential accumulation levels. The last daily break at $ 105,700 confirms a bias bias. The monthly pivot point at $ 88,177 remains a key mark, well below the current course. Finally, the value areas at $ 105,600 (high) and $ 84,150 (low) define the terminals of a market balance, the rupture of which could point out an imbalance.
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 in the cryptocurrency market.
Analysis on derivatives (BTC/USDT)
| Open Interest | Increase | Speculative positioning increasing, growing interest. |
| CVD | Balanced flow | Relatively stable flow, lack of marked imbalance. |
| Liquidation | Weak, without bias | Moderate and balanced liquidation activity, no significant directional pressure sign. |
| Funding Rate | Slightly positive | Light bias bias, moderate bonus for long positions. |
The indicators suggest a market under construction, marked by an increase in open interest reflecting an increasing speculative interest. The CVD indicates balanced flows, without clear domination between buyers and sellers, while the level of liquidation remains low and without bias, testifying to an absence of forced pressure in one direction or the other. Finally, a slightly positive funding spandes reveals a slight advantage on the buyer side, without an overheating signal or excess optimism.
| Selling liquidation zone | ≈ $ 107,400 – $ 109,500 | Sensitive areas in case of breakout, risk of amplification of movement. |
| Buyer liquidation area | ≈ $ 93,400 – $ 92,400 / 83,700 – $ 81,000 | Decrease critical thresholds, potential flush areas. |
Bitcoin is supervised by two key liquidation zones. Uplining, the area between $ 107,400 and $ 109,500 represents a concentration of selling liquidations, likely to amplify a breakout if activated. Un decreased, critical thresholds between $ 93,400 and $ 92,400, then lower between $ 83,700 and $ 81,000, constitute areas of vulnerability where a buying capitulation movement could be triggered in the event of down pressure.
Forecasts for the Bitcoin course (BTC)
Haussier scenario:
- Conditions: maintenance above $ 10,762.
- Objectives: $ 107,091 / $ 109,354 (ATH).
- Potential: approximately +4 % increase since the current level.
Lower scenario:
- Conditions: Break in support at $ 10,762.
- Objectives: $ 93,426 / $ 91,713 / $ 84,000.
- Potential: approximately -20 % decrease since the current level.
Comment :
The bias remains bullied, but the American macroeconomic indicators as well as the news related to the global geopolitical context will be decisive to confirm this scenario.
Conclusion
Bitcoin shows an overall upward dynamic, supported by a solid technical trend and a marked return of the appetite for risk. The feeling is favorable, reinforced by an increasing interest of institutional investors. However, some signs of short -term slowdown call for caution. The trend remains positive, but its confirmation will largely depend on the evolution of the macroeconomic and geopolitical context. 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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