Bitcoin is preparing for a decisive movement because the price action is tightening near the levels of keys resistance. After weeks of lateral movement and lower ups, the bulls are now trying to return the script by recovering control and confirming the start of a new increased phase. A successful escape above the short-term resistance could open the door to a rally towards peaks of all time, but the path in the long term remains uncertain.
The macroeconomic backdrop is still fragile. Interest rates, the weakening of consumer data and global liquidity problems continue to put pressure on risk assets. For Bitcoin, this means that even strong technical configurations must be consulted with caution, because a wider market instability could quickly derail the bullish momentum.
The best analyst Rekt Capital recently underlined a significant development on the daily time. According to his analysis, Bitcoin shows the first signs of breaking his tendency down two weeks and has already retested this trend as a new support. It is often a key signal in trend reversals, but it still needs confirmation thanks to a higher daily closure and continuous purchase pressure.
Bitcoin approaches all time as macroeconomic conditions are tightening
Bitcoin is now only 6% below its $ 112,000 summit, and all signs indicate that the next decision is critical for the broader trend on the market. After having increased by more than 50% compared to its April levels, BTC shows a clear force, but the rally stopped just below a major level of resistance. The $ 112,000 zone now acts as the final ceiling before the discovery of the prices resumed. If the bulls manage to cross, this could trigger a wave of momentum renewed on the market.
However, the backdrop is not without risk. Bitcoin consolidation occurs while global tensions are increasing, in particular between the United States and China. Commercial conflicts, sanctions and geopolitical uncertainty continue to feed systemic instability, and with American bond yields, investors weigh the implications of a more strict financial environment. These macro pressures have historically had an impact on cryptographic liquidity and could always act as a headwind.
On the technical level, Rekt Capital notes a significant development: Bitcoin comes from its downward trend of two weeks on the daily time – marked in clear blue – and has already transformed this level into support. It is a key signal for pursuing the potential trend.
However, a daily and successful retain around ~ $ 106,600 (black horizontal level) would offer stronger confirmation for bulls. This level now represents an important pivot: recovery could trigger a thrust to ATH, while rejection could block the rally or trigger another correction.
With the momentum and the risks of macro, Bitcoin is held at a Pivot crossroads. Whether it comes out or withdraws, this next decision could define the trend for the coming weeks, not only for BTC, but for the entire cryptography market.
The weekly BTC graphic is firm, approaching key resistance
Bitcoin continues to be negotiated just below its top of all time, consolidating in a tight range between $ 103,600 and $ 109,300 as indicated on the weekly graphic. After a solid rally of 50% compared to the lowest April, BTC now stops under the record of $ 112,000, the Bulls trying to take momentum for an escape. The price action remains constructive, BTC keeping well above the medium -sized key to key moving – the EMA from 34 weeks to $ 89,985 and the SMA of 50 weeks at $ 82,452 – confirming strong support for the underlying trend.
Horizontal yellow areas at $ 103,600 and $ 109,300 now define the crucial escape beach. A clean weekly fence above $ 109,300 could open the door for a thrust in the discovery of prices. On the other hand, a rupture of less than $ 103,600 would weaken the upward structure and pointed out that the momentum fades.
The volume remains coherent but has not yet increased, which suggests that traders are waiting for confirmation before engaging in the following directional movement. Until then, Bitcoin remains in a maintenance scheme-but the proximity of ATH, the recent support of the deactivated force, and the proper technical structure all suggest that a break is more likely than a break, especially if the macro-waonditions are not deteriorating more in the coming weeks.
Dall-e star image, tradingview graphic
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