BTC Faces Major Resistance Ahead of ATH Challenge

Bitcoin reported a notable bullish force by exceeding mobile averages from 100 and 200 days to $ 90,000. However, as the price approaches the critical psychological threshold of $ 100,000, a temporary consolidation phase is expected before any new escape.

Technical analysis

By Shayan

The daily graphic

Bitcoin recently won a strong bullish signal, staging a major market change caused by substantial purchase pressure. This rally propelled the price above a critical resistance zone, recovering the mobile averages from 100 and 200 days to $ 90,000 – a key indication of the domination of buyers.

Currently, BTC is approaching the psychological threshold of $ 100,000, a major resistance probably filled with a significant supply. Consequently, temporary consolidation around this level is expected before any potential rupture. A decisive movement above $ 100,000 would probably open the way to the holding of all time (ATH).

The 4 -hour table

On the lower time, Bitcoin confirmed his bullish momentum after exceeding the upper limit of the channel descending to $ 84,000. This escape triggered an impulsive thrust, pushing the price beyond the level of critical resistance of $ 90,000, highlighting the strong commitment of the buyer.

Now, the asset is approaching the crucial psychological resistance of $ 100,000, which also aligns with a major major swing. If buyers manage to violate this barrier, the Bitcoin ATH road could reopen. Conversely, the non-climb above can result in short-term consolidation of less than $ 100,000 before the next significant decision.

Chain analysis

By Shayan

Once Bitcoin completed its corrections and initiated the recovery in October 2023 and September 2024, the financing rates of term contracts in Binance have notably become deeply negative during the first stages of each gathering. This recurring model highlights a persistent lack of confidence of investors during net reductions or prolonged consolidations.

On the other hand, during strong Bitcoin gatherings, the traders led by FOMO aggressively deployed the lever effect to open long positions, causing a high increase in funding rates. This has often reported overheated conditions and triggered subsequent corrective withdrawals.

Currently, Bitcoin has increased by more than 28% on its recent lower. After this gathering, funding rates have, with a delay, experienced a significant increase change, reporting a renewed long positioning influx.

Given the historical behavior during the two previous major recoveries, the dynamics of the current feeling and the price structure strongly suggest that Bitcoin is well positioned to unravel its summits of all previous time in the short term.