After a quiet weekend merger below its all-time high, Bitcoin is laying the foundation for a possible week. BTC is trading at about $109,000, 3% lower than its record high of $112,000, and the momentum is clearly building. As the bullish structure remains intact, analysts are increasingly confident that a breakthrough is about to come.
Now several high-detention analysts are calling for a substantial price increase, citing strong price action and bullish chain signals. The market appears to be coiling, and historical patterns show that periods of close range trading near highs are usually before sharp upward impulses.
In supporting this prospect, data from CryptoQuant suggests that shorts are squeezed in major exchanges. Taker Buy volume has soared, indicating that aggressive buyers are stepping in, while over-placing short positions is forced to exit. This dynamic often leads to a rapid increase in prices as liquidity dries on the sell side.
As the shorts squeeze, Bitcoin flirts with price discovery
Bitcoin is trading slightly below its most recent $112,000 in history, hovering between $109,000 and $110,000 as the market enters a critical stage. The next few days can prove whether to determine whether BTC continues its upward trajectory or pause to consolidate further. While the technology structure remains bullish, external factors, especially global tensions and escalating trade conflicts between the United States and other countries, are expected to affect sentiment and market direction.
Despite this uncertainty, many high-criminal analysts believe that a breakthrough is coming. Chain and derivative data continue to support this view, indicating a strong potential momentum. One of the most obvious signals comes from top analyst Maartunn, who shared recent data showing Bitcoin’s Taker Buy volume soared at $110.7 million on all major exchanges. The indicator tracks positive market buying and highlights bullish pressure.
The peak of Taker Buy’s volume shows that shorts are now being squeezed out of the market. With excessive liquidation of short positions, prices will rise, creating a feedback loop that accelerates the upward movement. This dynamic is usually seen before the main price rises.
With BTC under pressure from its ever-high sellers and short sellers, momentum seems to be good for the Bulls. If Bitcoin loses in $112K of $112K and confirms the quantity, it can quickly expand to price discovery, with targets ranging from $120K to $140K.
Close the record highs every week
Bitcoin trades at $109,742 on its weekly chart, and after an impressive multi-week rally, Bitcoin’s trading volume is below its all-time high. Price action shows a strong continuation, with BTC now releasing green weekly candles for the eighth consecutive time, a clear sign of bullish momentum and continued buying interest. The $103,600 level, which was previously multiple months of resistance, has been cleanly turned to support and is now anchored to the rising current leg.
The 34-week EMA is currently at $89,265, a sharp rise that is well below the current price, strengthening the strength of the ongoing move. All major moving averages (50, 100 and 200 week SMA) are trending upward and widely separated, reflecting a healthy long-term trend structure.
What is particularly noteworthy in this chart is the lack of major resistance above the current level. As BTC pushes prices finds that the next move may be driven by momentum and market sentiment rather than predefined technical barriers.
The number is consistent, with no signs of distribution. If Bitcoin could be closed for a week above $110,000, this would mark the highest weekly income in history, increasing confidence in bullish papers and possibly attracting more institutional capital. The potential continuation of this stage is $120,000 and beyond.
Featured images from DALL-E, charts from TradingView
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