Cryptocurrency

Bitcoin’s merger below ATH – Purchase pressure will be weakened as stocks perform better than

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Bitcoin is facing the risk of a pullback, as bullish momentum begins to disappear near key resistance. After weeks of impressive gains, BTC is now solidifying within a tight range below its all-time highs, with buyers struggling to push prices toward price discovery. This ongoing indecision has attracted the attention of traders and analysts who are closely watching signs of breakouts or deeper retracement.

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Crypto analyst Daan gave a broader view of the situation, noting that Bitcoin initially performed well in the process in response to recent tariff-related tensions. But as trade uncertainty begins to ease, traditional markets recover their momentum, and Bitcoin loses its momentum and fails to follow. Although stocks continue to rise, BTC has stalled, and this unusual division suggests caution could spiral back to the crypto space.

As the price is now hovering around the remaining price of nearly $105,000 for the $103K trademark and key resistance, the Bull must act decisively to regain control. Failure to do so may trigger greater corrections, especially when macro-condition transfers or stock markets show newer weaknesses. For now, everyone’s eyes are in range – which side is broken.

Bitcoin Bull’s eyeball breaks through, but caution gets closer and closer to resistance

Bitcoin is only 5% from its all-time high of about $109,000, and Bitcoin is trading close to $103,000 as the Bull tries to recover its momentum. After weeks of upward movement and stability beyond key levels, many analysts believe BTC is preparing for a decisive breakthrough. If the price can clear the $105,000 resistor, it may trigger new leg discovery and emit the beginning of a powerful bull phase.

However, the current level of sales pressure is still very high. Bitcoin has been working hard to break the higher, and some traders see this consolidation as a sign of potential exhaustion. Daan gave insights into recent behavior and noted that the macro drama associated with tariffs was drastically shocked, outperforming stocks in the process. However, as some trade uncertainty fades, stocks keep climbing as they stagnate under the resistance of BTC stagnant.

Bitcoin enters unknown territory | Source: Daan on X
Bitcoin enters unknown territory | Source: Daan on X

Daan believes the $90,000 “sand thread” is for long-term live exposure. If Bitcoin is to drop below this mark, it indicates that the structural crash that did not occur in this cycle. For now, he is still cautiously bullish, while BTC remains above that level, but admits that risk returns are more attractive when BTC is 20-30% cheaper.

He also warned that if stocks are right after a positive rally – stocks soared 30-50% in a month – it could lower bitcoin in a short-term flush. Since BTC shows a relative weakness close to resistance, the next step is crucial to confirm the onset of a continuous upside or a wider callback.

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The tight 4H range signal is about to break through the price breakthrough

The 4-hour chart shows that Bitcoin tightly merges between $105,700 resistors and $100,700 support, creating a narrow range, indicating a strong move to come soon. The price has been counting in the side range for several days, with multiple breakout attempts over $103,600. This level continues to act as a key obstacle for the bulls.

BTC merger approximately $103K | Source: BTCUSDT chart in transactions
BTC merger approximately $103K | Source: BTCUSDT chart in transactions

It is worth noting that Bitcoin is still above 200 EMA ($96,121) and 200 SMA ($94,622), enhancing the medium-term bullish structure. In the short term, momentum is neutral, as shown by the indecisive price action and quantity decline. But as long as BTC holds over $100,000, the trend remains intact, which is the psychological and technical line in the sand.

If the price violates the $103,600 price, it could trigger a shift to the 105,000-$109,000 range and initiate advance price discovery. On the other hand, if you do not hold that support area, you can open the door for a quick flush to retest the area of ​​$98,000-$96,000, with the average values ​​of the area aligned.

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Traders should pay attention to clear breakthroughs or decompositions, especially when the moving average merges with previous highs. This tight setup rarely lasts for a long time, and a decisive move can define the trend for the rest of the month.

Featured images from DALL-E, charts from TradingView

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