Bitcoin trades slightly below the psychological $ 100,000 limit, facing a critical test when Bulls tries to maintain a recovery rally. After weeks, the market has now reached a decisive phase, where a breakthrough over $ 100,000 can be triggered by a new purchase interest wave and potentially marked the start of the high all -time run. However, the restoration of this level may indicate an exhaustion, which leads to a new consolidation or even a correction step.
Analysts are next in the next place for Bitcoin. Some refer to the improvement of the technical structure and strong demand zones as bullish continuation signs. Others claim that macroeconomic uncertainty, including persistent global tensions and monetary policy shifting, may move forward in the near future.
Chain data provide additional information. According to Glassnode, 925 914 bitcoin addresses were active in the last 24 hours. This increase in inclusion reflects interest and potential accumulation as the market provides its next step.
Bitcoin pulse grows to nail network activity
Bitcoin positions itself for what could be the beginning of a mass rally. After the $ 90,000 level has been reclaimed, Bulls has been able to push pricing near the psychological endurance of $ 100,000. Analysts are increasingly confident that a pure breakthrough from this level can ignite the whole market. The current technical setting suggests that Bitcoin is trying to get rid of the consolidation zone, which is formed after the last highest highest highest highest of all time, signaling the possible continuation of the wider bull cycle.
Bitcoin has shown significant durability after months of strong sales and uncertainty. After the beginning of April, the price has risen by more than 15%, restoring the investor's confidence and bringing back bullish hours. Push over $ 90,000 marked the shift of the key of the structure and since then the market has watched complete reversal.
By adding a bullish case, chain metrics Show the rising network activity. Top analyst Ali Martinez emphasized that in the last 24 hours there were 925,914 bitcoin addresses, the highest number of the last six months. This Uptick signals the strong increase in the user, often associated with the early phases of the new bullish leg. If this activity persists and the price breaks higher, Bitcoin could be placed in an unmissued area.
However, the risks are still prone. Global trade tensions, monetary policy changes and geopolitical uncertainty continue to deviate in the wider financial landscape. Any sudden shift in macro conditions can be pulled off this pulse.
Technical details: Eyes at 100,000 dollar
Bitcoin's 4-hour graph shows a steady rise, with BTC currently trading at $ 95,933 after a short rise near $ 97,000. The price structure will remain a bullshit over the 200-period SMA ($ 87,335) and the mother ($ 89,812), now inclined upwards, strengthening the strength of the ongoing rally. This suggests that Bitcoin retains less than $ 90,000 in mid -April after a healthy impulse after several weeks.
The volume has decreased slightly in recent sessions, which may indicate temporary fatigue or pause before the next major move. Bulls are under control until the price is over $ 93,000 in the $ 94,000 area, which has now reached the grant after it is an obstacle zone in the previous phase of consolidation.
The next major resistance is psychological and structural: $ 100,000. The pure breakthrough above this sign can be triggered by $ 103,600, as marked in the chart. If the Bulls failed to be delayed soon, a short -term setback would not be imposed on the $ 92,000 area to the bullish trend, but would signal the need to accumulate more.
Highlighted Picture from Dall-E, graph of TradingView
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