Bitcoin has been negotiated above $ 99,000 for the first time since February, reporting an increase in the bullish impetus while prices are pushing towards the milestone of $ 100,000 long-awaited. After weeks of positive trend and close consolidation under key resistance, BTC finally received the level of $ 99,000, putting the market on a high alert for a break that could define the next stage of the bull cycle.
This decision comes as data on the chain and derivatives continue to support the bullish case. According to Cryptochant, the dominance indicator of the position of future Bitcoin shows that the bull's bull's market on the term market remains strong. Although the long -term activity has decreased slightly compared to May 6 and 7, analysts suggest that this is not particularly worrying – the amount is still in favor of bulls, and the market seems to be set up for continuation.
The level of $ 100,000 remains the main barrier. Recovery and keeping it as a support would probably trigger a wave of rise while the feeling of the market moves even more aggressively in favor of Bitcoin. Until then, the current break is a strong signal that buyers remain in control and confidence is built in the points and term markets. The next few days could be essential.
Bitcoin pushes to $ 100,000 while the bulls take momentum
Bitcoin finally supports above the critical supply area nearly $ 99,000, reporting a strong change in dynamics after weeks of consolidation. The bulls are clearly in control, having defended the lows higher and pushed the action of the prices in a new phase of strength. However, despite the escape, BTC is still struggling to recover the decisive level of $ 100,000 – a psychological and technical barrier which continues to define the feeling of the market.
The real test lies in the range from $ 100,000 to $ 103,000, which marks the upper limit of the resistance to the current. A confirmed break and maintenance above this area would validate not only the recent rally, but could also ignite the next step in the bull cycle. Until it happens, Bitcoin remains just shy from the complete escape territory.
Macroeconomic uncertainty continues to nail the wider financial landscape. Tensions between the United States and China persist, and the American federal reserve has reaffirmed its plan to maintain high interest rates while maintaining quantitative tightening (QT). These conditions present risks for all risky assets, including crypto, but could also act as fuel if global feeling becomes positive.
Top Axel Adler analyst shared ideas Pointing towards continuous optimistic pressure on the long -term market. Although the positioning has been slightly cooled since May 6 and 7, Adler notes that he is no longer critical – the tunes have largely went and that the bulls remain in control. According to him, the next stop is $ 100,000.
The current configuration is very constructive. If Bitcoin exceeds $ 100,000 with the volume and holds, the level of $ 103,000 could quickly come into play. Until then, the market remains in a state of anticipation, with the rupture structure, but not yet finished. The next few days will be crucial to determine whether this rally has the strength to evolve into a large -scale escape.
Technical analysis: price action shows strength
Bitcoin is currently negotiated at $ 99,739 after a strong push towards the level of psychological resistance of $ 100,000. The 4-hour graph shows a clear continuation of the bullish momentum, while the BTC breaks above the previous supply areas and recovered the levels seen for the last time in February. This wave follows a clean escape from consolidation at the end of April, with constantly higher stockings and an increase in volume supporting movement.
BTC is now negotiated well above the simple mobile average of 200 periods (SMA) at $ 88,825 and the exponential mobile average of 200 periods (EMA) at $ 91,152. These mobile averages went to a dynamic support and reflect the structure of reinforcement trend. However, the fork of $ 100,000 to $ 103,600 remains the last obstacle before the new heights of all time can be taken into account.
The market shows signs of confidence, with bulls firmly in control and during price action towards a potential escape. However, the reaction around $ 100,000 will be critical – this level acted several times as a major resistance, and any rejection could trigger a short -term return to the $ 95,000 area.
For the moment, the trend remains optimistic and a sustained closure of more than $ 100,000 would confirm an upward potential. The coming sessions will be essential to determine if the Bitcoin can recover a new soil again or the dropout below the resistance.
Dall-e star image, tradingview graphic
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