Bitcoin could cross the $ 110,000 this week, carried by several key signals announcing a rapid increase. This crucial threshold revives hopes and tensions, where each movement of investors will determine if the market flies or undergoes a brutal decline. New ATH in progress for the BTC?
In short
- Bitcoin could exceed $ 110,000 this week, supported by a Fractal Haussier pattern and a strong on-chain accumulation.
- A downward divergence of the RSI and key resistances could slow down the rise in Bitcoin this week.
- The psychological threshold of $ 110,000 crystallizes hopes and fears, making the next phase of the market uncertain.
Bitcoin is targeting $ 110,000 this week
Bitcoin (BTC) shows favorable technical and fundamental signs which suggest rapid progression to the symbolic threshold of $ 110,000. Several key indicators, both graphic and on-chain, support this promising scenario:
Haussier fractal pattern
A current fractal pattern reproduces a price scheme which had preceded significant increases in Bitcoin. The recent consolidation between $ 102,000 and $ 105,000 has swept liquidity, creating a solid base for a future upward thrust.
On-chain accumulation data
The data show that the majority of holders strengthen their positions:
- The small wallets (<1 BTC) go from distribution to a slight accumulation (~ 0.55);
- The average portfolios (100-1,000 BTC) display a high accumulation (~ 0.9);
- Very large portfolios (1,000-10,000 BTC) also accumulate (~ 0.85).
This generalized accumulation of Bitcoin reflects an increasing confidence in the pursuit of the upward trend. In addition, the recent crossing of resistance close to $ 105,000 validates positive dynamics. Added to this is the recent detection of a Golden Cross by Ryan Lee, chief analyst at Bitget Research, a conventional technical signal often announcing a prolonged upward phase.
The BTC graphic displays a Golden Cross potential – where the 50 -day mobile average meets the Mobile average at 200 days – a few weeks after a Death Cross missed in April. Historically, this configuration reflects the arrows from the end of the year 2024 from $ 70,000 to $ 100,000 and indicates a bullish momentum to the area from $ 110,000 to $ 125,000.
These technical and fundamental factors support the idea of progression to, even beyond, $ 110,000 for bitcoin this week.
The elements likely to influence the trajectory of the BTC
Several technical signals encourage caution despite the bitcoin bullish prospects. On the daily graphic, the RSI (relative Strength Index) reveals a notable downward divergence: while the price has reached nearly $ 107,000, the RSI caps around 65, forming a low relative compared to its previous peak at around 70. This lag suggests a weakening of the purchasing momentum.
If the daily candle closes below this level, the divergence will be confirmed, strengthening the short -term sales pressure. In order for the upward trend to continue, the BTC will have to quickly cross the $ 120,000 to $ 130,000, thus avoiding confirmation of divergence on a weekly scale.
In addition, certain fundamental factors moderate optimism:
- The segment of small investors holding between 1 and 10 bitcoins remains net seller, limiting the buying dynamics;
- A break from the support at $ 103,500 would invalidate the Haussier Fractal pattern and could lead to a return under 102,000 dollars;
- Finally, macroeconomic uncertainties and the volatility of traditional markets could slow down the progression of the BTC in the coming days.
Investor psychology in the face of the threshold of $ 110,000
The threshold of $ 110,000 represents much more than a simple technical barrier for Bitcoin: it crystallizes hopes and fears of the market. Many investors feel the excitement of a new record, but also the fear of massive profits. This psychological tension can cause abrupt movements, between euphoria and withdrawal.
If confidence remains solid, a crossing with a strong volume could trigger a wave of purchases fed by the snowball effect. Conversely, a brutal rejection at this level could sow panic, amplifying volatility. This threshold is a real decisive emotional crossroads for Bitcoin (BTC).
A critical week opens for Bitcoin which is at a decisive moment, oscillating between explosive potential and risk of correction. If the current dynamics are confirmed, a new record may soon fall. But faced with the uncertainties, the question remains open: will the rise around $ 110,000 be sustainable or temporary?
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