Bitcoin is holding steady above the $108,000 level, maintaining a bullish structure despite repeated failures to break through its all-time high near $112,000. The price is consolidating in a tight short-term range, and whichever side breaks first will likely set the tone for the coming weeks. This period of low volatility may be the calm before the storm, as buyers and sellers prepare for the next major move. According to data from CryptoQuant, the Mayer Multiple — a classic indicator that measures Bitcoin’s price relative to its 200-day moving average — currently stands at 1.1x. This puts BTC in the “neutral” zone (0.8–1.5x), far below the overbought conditions typically seen in the late stages of bull markets. Historically, readings below 1.5x suggest that Bitcoin still has significant upside potential before hitting speculative extremes. As the market awaits a breakout, investors are closely watching this metric for confirmation that BTC is still undervalued compared to past bull cycles. If Bitcoin can hold its current levels and push decisively above resistance, the neutral Mayer Multiple reading could serve as a launchpad for a renewed bullish trend — but failure to break out may invite a wave of short-term selling. Bitcoin Holds Firm Amid Mixed Signals Bitcoin price action has left many bulls frustrated, as the market continues to grind below its all-time high without a clear breakout. After weeks of consolidation near the $110K mark, traders are bracing for a decisive move. While the structure remains intact and support has held above $105K, the failure to push above previous highs could increase the probability of a sharp correction, potentially dragging BTC below critical demand levels that have served as a floor for the past month. On the macro front, uncertainty appears to be easing. Conflicts in the Middle East are winding down, and US stock markets continue to set new all-time highs, signaling renewed risk appetite. However, not all signals are bullish. Rising inflation and elevated US Treasury yields have reintroduced systemic risk concerns, keeping investors on alert. Top analyst Axel Adler offered a more optimistic perspective, pointing to the Mayer Multiple — a time-tested model that compares BTC price to its 200-day moving average. Currently sitting at 1.1x, the indicator remains firmly within the neutral zone (0.8–1.5x) and well below levels historically associated with market tops. Adler notes that this suggests Bitcoin is still trading at a discount to previous bull markets, and could have significant room to rally if momentum returns. With mixed macroeconomic data and a neutral valuation model, Bitcoin’s next move will depend on whether bulls can reclaim control. A clean breakout above all-time highs would likely ignite a new phase of price discovery. But until then, caution prevails — the longer BTC stalls, the more likely sellers will test support. BTC Consolidates Below All-Time High Bitcoin continues to consolidate just below its all-time high, trading at $108,474 at the time of writing. The 3-day chart shows price action tightly compressed between key levels, with strong support at $103,600 and resistance at $109,300 — the latter being tested repeatedly over the last two weeks. This range-bound structure reflects indecision as bulls attempt to break higher, while bears fail to reclaim control. Notably, BTC remains firmly above the 50-day (blue), 100-day (green), and 200-day (red) moving averages, indicating underlying strength in the trend. Volume remains moderate, but it has picked up during upward moves, suggesting continued buy-side interest near support. The longer BTC holds above $105K and maintains this higher low structure, the greater the probability of a breakout toward uncharted territory above $112K. However, rejection at the $109K level could lead to another retest of support zones. Momentum indicators, while not shown, are likely flattening, consistent with the sideways action. Given the narrowing range and rising tension between support and resistance, a decisive move is imminent. Traders should watch for a clean breakout above $109,300 or breakdown below $103,600 — either will likely define Bitcoin’s direction heading into Q3. Featured image from Dall-E, chart from TradingView

Bitcoin is facing renewed volatility as it struggles to break above the $112,000 all-time high. After weeks of consolidation near record levels, market participants are watching closely for a decisive move that could signal the next major trend. Bullish momentum remains intact, but hesitation at key resistance keeps both sides on edge. Macroeconomic conditions are adding fuel to the speculation. The US Congress recently passed President Donald Trump’s long-awaited legislative bill—dubbed the “big, beautiful” bill—just ahead of the self-imposed July 4 deadline. In parallel, the latest job market data beat expectations, signaling a stronger-than-expected economy and boosting risk appetite across global markets. In the derivatives space, CryptoQuant data shows that the 90-day change in open interest (OI) has turned negative—a historically significant signal. When this metric dips below zero, it often indicates capitulation among traders and forced liquidations, which tend to cool off leverage and reset the market for healthier price action. As Bitcoin navigates this volatile mix of technical resistance and shifting macro tailwinds, the coming days could be decisive in determining whether a breakout above $112K is imminent or if another correction lies ahead. Traders remain alert as the stakes continue to rise. Bitcoin Inches Closer To Breakout As Bulls Tighten Grip Bitcoin bulls remain firmly in control, but a decisive breakout into price discovery is still needed to confirm the next leg of the rally. After climbing 47% since its April lows, Bitcoin now trades less than 2% below its $112,000 all-time high. The market is heating up, driven by waning macroeconomic uncertainty, strong equities performance, and growing investor optimism. However, with resistance so close, the next few days will be pivotal. A firm push above the all-time high could unlock a powerful expansion phase, while failure to break through may lead to a corrective retrace. Analysts are closely watching both technical and on-chain data to gauge the next move. Top analyst Darkfost shared key insights into derivatives activity, highlighting the importance of tracking the 90-day change in open interest (OI). This metric gives a snapshot of how leveraged the market is. When the 90d OI percentage flips negative, it typically signals mass liquidations or capitulation among overexposed traders, resulting in a sharp drop in open interest. According to Darkfost, these deleveraging events—especially during bull markets—have consistently created attractive opportunities to build long positions or dollar-cost average (DCA) in the spot market. They reduce risk by flushing out weak hands and clearing excessive leverage. With current data showing a recent dip in OI followed by stabilization, many traders view this as a potential reset ahead of a breakout. As Bitcoin consolidates near historic highs, the stage is set. Either bulls push beyond resistance and into uncharted territory, or bears gain temporary control. For now, momentum favors the upside—but confirmation remains key. BTC Price Action Remains Range-Bound Below ATH Bitcoin continues to trade below the key resistance at $109,300, as seen on the 4-hour chart. After failing to establish a clear breakout above this level, the price has retreated slightly to around $109,010 at the time of writing. The zone between $108K and $109.3K has become a critical area of consolidation, with both bulls and bears fighting for short-term control. The 50, 100, and 200-period moving averages are all trending upward and converging near the $106K–$106.5K region, providing strong dynamic support. Price remains above these moving averages, suggesting a bullish structure remains intact despite the recent stalling. Volume has decreased during the recent leg up, hinting at potential exhaustion, but not necessarily a reversal. A retest of the $109.3K resistance or a breakdown toward the $106K–$105K support zone could occur before any decisive move. The lower support at $103,600 continues to serve as a key level that, if broken, could signal a deeper retrace. For now, Bitcoin is in a tight consolidation range, and traders are waiting for a breakout above $109.3K or a breakdown below $106K to determine the next trend direction. Until then, volatility and uncertainty are likely to persist. Featured image from Dall-E, chart from TradingView

Bitcoin’s upward momentum has returned, with the asset briefly crossing the $110,000 threshold before pulling back slightly. After hitting a 24-hour high of $110,117, Bitcoin now trades at $109,386, reflecting a 1.8% increase in the past day. This recent push places the asset about $2,000 surge away from its all-time high of $111,814, recorded in May 2025, prompting renewed attention from traders and analysts. While price movements often attract headlines, on-chain data has started signaling deeper market activity. Binance Sees 3,400 Bitcoin in Outflows as Spot Volume Surges According to CryptoQuant analyst Amr Taha, a substantial volume of BTC has recently been moved off Binance, one of the world’s largest crypto exchanges. The shift aligns with anticipation around a series of US macroeconomic indicators, which historically tend to influence risk-on assets like Bitcoin. Taha highlighted that Binance recorded a net outflow of over 3,400 BTC in a single day. This occurred shortly after Bitcoin’s price breached the $109,000 mark. Large-scale withdrawals from exchanges such as Binance are often interpreted as a sign that holders may be preparing to hold their assets longer-term, or shielding their positions from potential short-term volatility. Simultaneously, Binance’s share of the global Bitcoin spot volume surged significantly, from 41% to 56% in just one session. Taha noted that this spike indicates increased reliance on Binance’s liquidity by traders seeking exposure to Bitcoin ahead of anticipated market-moving economic data. The outflow trend, paired with rising spot volume, suggests that traders are actively responding to broader market signals, especially from traditional finance. US Jobs Report Drives Market Positioning The current surge in Bitcoin activity coincides with heightened market focus on US labor market data, including the Non-Farm Employment Change, Unemployment Rate, and Average Hourly Earnings figures. These indicators are closely watched by investors as they influence inflation expectations and the Federal Reserve’s approach to interest rate adjustments. Shifts in rate expectations often have direct consequences for risk assets like Bitcoin, as changes in the cost of capital affect liquidity and investor appetite. Taha suggests that the recent Binance outflows may reflect investor positioning ahead of potential macro-driven market volatility. “Bitcoin outflows from Binance alongside the sharp rise in spot trading activity… appear to show that investors are positioning for potential upside volatility,” he wrote. A favorable labor report could amplify bullish sentiment across both equity and crypto markets if it strengthens expectations of a rate cut or an extended pause in rate hikes. Featured image created with DALL-E, Chart from TradingView

The Bitcoin market now appears to be seeing a notable surge in its momentum, with the asset finally breaching the $110,000 mark to inch really close to its all-time high. The asset has so far registered a 24-hour high of $110,117, less than 3% increase away from its all-time high of $111,814 registered in May. At the time of writing, BTC trades back at $109,000 levels, marking a 1.3% increase in the past day. While the price action alone has fueled speculation of an imminent breakout, several analysts suggest that deeper structural shifts within the market are at play. On-chain data particularly reveals changes in whale activity, exchange flows, and stablecoin dynamics that could offer clues about the market’s next move. Signs of Reduced Bitcoin Selling Pressure and Upward Bias CryptoQuant analyst Crypto Dan shared a detailed view of the current state of Bitcoin’s price structure, emphasizing a broader directional change in the market that began in April. According to the analyst, Bitcoin’s recent price resilience can be attributed to a noticeable decline in selling pressure from US-based institutional investors and whales. These large players, who were previously offloading significant holdings, have shifted into accumulation mode in recent months. Dan explained that Bitcoin appears to be in a transitional phase. He observed a gradual fade in sell-side activity from major US wallets since April, and that drop has been met with stable buying pressure. This suggests that institutions are no longer offloading positions but are maintaining or adding to their holdings. Dan added that the current consolidation, marked by Bitcoin’s price hovering above the $100,000 range, is allowing short-term overheated indicators to cool down. Dan noted: While the possibility of a correction remains, the broader market direction continues to be upward, so I will maintain my perspective and look forward to the second half of 2025. Overall, this could mean that the ongoing price action in the market may be the calm before a longer-term move upward, assuming macro conditions remain supportive. Exchange Outflows and Liquidity Trends Paint a Risk-On Picture Adding further context, another CryptoQuant contributor, Novaque Research, pointed to recent shifts in on-chain flows and broader liquidity conditions. According to their data, exchange outflows have picked up notably since late June, with some days seeing over 10,000 BTC withdrawn. Such behavior typically signals long-term investor confidence and a reduced likelihood of near-term sell pressure. Additionally, the report noted that miners have remained largely inactive in terms of selling despite BTC trading above $100,000. This suggests confidence in price sustainability and possible anticipation of more favorable financial conditions. Meanwhile, stablecoin activity has also shown key changes. Both USDC and USDT supply ratios on exchanges have been trending downward since mid-June, indicating capital is sitting idle rather than flowing into spot markets. Novaque noted that investors may be on the sidelines waiting for confirmation, but the structural behavior is leaning toward accumulation. Featured image created with DALL-E, Chart from TradingView

Bitcoin is once again at a pivotal point in its cycle, reclaiming the $110,000 level in a strong bullish move that reignites hopes of a fresh leg higher. After months of consolidation and volatility, the leading cryptocurrency is now testing critical resistance, with analysts watching closely for a breakout into price discovery. A move beyond current highs could mark the beginning of an expansive phase that drives broader market momentum. Top analyst Axel Adler shared new data underscoring renewed trader confidence. Following record spikes in open interest (OI) — with growth of 79% in spring 2024, 59% in autumn, and 36% in May — the last 30 days have seen a notable shift. OI change has moved from a negative -9% to a positive +5%, signaling that traders are once again building futures positions, albeit with more caution and less leverage than in past phases. This shift in derivatives positioning comes as macro conditions improve and risk appetite gradually returns to the crypto space. However, bulls will need a catalyst — whether technical or macroeconomic — to breach resistance and sustain a breakout. The coming days could define Bitcoin’s trajectory for the remainder of the quarter. Bulls Eye Breakout As Bitcoin Nears All-Time Highs Bitcoin is approaching a critical moment as it flirts with its $112,000 all-time high. With bullish momentum accelerating, many investors believe the market is preparing for a new expansive phase. However, as BTC trades near record levels, the risks of a failed breakout grow. Sentiment remains broadly positive, supported by rising equity markets and a reduction in macroeconomic uncertainty. Yet, analysts warn that unless Bitcoin decisively clears resistance soon, the probability of a correction into lower levels will increase. The US stock market hitting new all-time highs adds to the optimism, often acting as a tailwind for crypto. Still, a breakout above $112K will require more than technical strength — it needs a catalyst. Axel Adler points to the derivatives market for early signs of conviction. Open interest (OI) growth, which saw record spikes of 79% in spring 2024, 59% in autumn, and 36% in May, has now moved from -9% to +5% over the past 30 days. This shift suggests traders are cautiously re-entering the market, though with less aggressive leverage. Bears, meanwhile, are expected to defend the ATH zone. For bulls to succeed, a strong narrative — such as presidential support, dovish Fed signals, or macro triggers — may be necessary to awaken risk appetite and send Bitcoin decisively into price discovery. BTC Price Action: Near Breakout Point The 12-hour BTC/USDT chart shows Bitcoin attempting a critical breakout above the $109,300 resistance level. After multiple rejections in June and early July, BTC has once again surged, printing a strong candle that now flirts with price discovery just below the $112,000 all-time high. Momentum has shifted in favor of the bulls after a successful defense of the $103,600 support zone, which coincided with a bounce off the 100 and 50-day SMAs, currently converging around the $106,200 level. This moving average cluster acted as dynamic support, validating short-term bullish strength. Volume also increased slightly during the recent push, a positive signal after weeks of fading conviction. A clean and sustained break above $109,300 would open the path toward retesting ATHs and potentially entering a new expansive phase. However, traders should be cautious of potential fakeouts. This level has acted as a firm resistance for nearly two months, and a rejection could send BTC back toward the $106,000 support cluster or even the $103,600 level. For now, bulls hold the upper hand, but follow-through above resistance with rising volume will be key to confirm a true breakout and continuation toward new highs. Featured image from Dall-E, chart from TradingView

Bitcoin is currently trading just below its all-time high of $112,000, caught in a tight range as both bulls and bears struggle to take control. While buyers have shown strength by consistently defending key support levels, they have yet to muster the momentum needed to break into price discovery. At the same time, sellers have failed to force a deeper correction, highlighting the market’s resilience. Analysts remain cautiously optimistic, with many leaning bullish amid improving macroeconomic conditions and risk-on sentiment in traditional markets. The recent strength in US equities has spilled into crypto, giving BTC a tailwind, yet not enough to trigger a decisive breakout. On-chain data adds further insight into this pivotal moment. According to CryptoQuant, the 30-day percentile of the Unrealized Profit/Loss (P/L) Ratio currently stands at 80%. This metric indicates that a significant majority of BTC holders are sitting on profits; yet, we remain below the historically extreme 90–100% zone associated with major selling pressure. This suggests that Bitcoin still has room to rally before holders begin aggressively taking profits. BTC Nears Breakout As Profits Accumulate Bitcoin is on the verge of a major breakout, rising 47% since its April lows and trading just under 2% away from its all-time high at $112,000. The broader market is heating up as macroeconomic uncertainty begins to fade — US equities continue to climb, bond volatility is dropping, and investor appetite for risk is returning. This has created a favorable backdrop for BTC, which has steadily reclaimed ground over the past two months. Bulls remain firmly in control, but a breakout into price discovery is still needed to confirm the start of a new expansive phase. Analysts widely agree that the coming days will be pivotal. A clean move above resistance could open the door for a rally to new highs, while a failure to hold key levels may force BTC into another consolidation. Top analyst Axel Adler shared a critical on-chain signal supporting the bullish outlook. According to Adler, the 30-day percentile of Bitcoin’s Unrealized Profit/Loss (P/L) Ratio currently stands at 80%. This means the ratio of coins held in profit to those in loss is significantly elevated — most holders are in the green. Historically, profit-taking accelerates only when the metric enters the 90–100% range. Since BTC is still below that overheated threshold, there’s additional room for upside before the market faces heavy sell pressure. As profit margins rise, so does the risk of volatility — but at this point, the data still favors the bulls. If the breakout comes soon, it could mark the beginning of a fresh leg higher and push BTC firmly into uncharted territory. BTC Pushes Toward Price Discovery Bitcoin continues to press against its all-time high resistance zone near $112,000, showing strength as it consolidates above the $109,000 level. The chart shows BTC making higher lows since mid-June, signaling that buyers remain firmly in control. The 3-day candle structure reflects a sustained uptrend following a clean bounce from the $103,600 support — a critical area that has now been tested multiple times since April. The 50-day simple moving average (SMA) at $95,449 has consistently provided dynamic support throughout this phase, while the 100-day and 200-day SMAs are trending steadily upward, reinforcing the broader bullish momentum. Volume remains healthy, although not yet explosive, indicating that a breakout above $112,000 may require stronger conviction or a catalyst. If Bitcoin manages to close decisively above the $109,300–$112,000 resistance band, it would open the door for a new leg into price discovery. On the downside, failure to hold above $109,000 could see a retest of the $103,600 zone. Overall, the structure remains bullish, with consolidation near highs suggesting accumulation rather than distribution. As long as BTC maintains this ascending pattern, the odds favor an eventual breakout, possibly sooner than expected. Featured image from Dall-E, chart from TradingView

Bitcoin is up 45% since bottoming out near $75,000 in April and is now trading just under 4% away from its all-time high of $112,000. After weeks of consolidation and multiple failed breakout attempts, the market is entering a critical phase. Price action in the coming days will likely determine the next major move—either a clean push into price discovery or a pullback into key support levels around $103,600 and $100,000. Momentum has been building steadily, with bullish sentiment returning as macro conditions stabilize. However, investors remain cautious, awaiting confirmation from Bitcoin’s price structure before making aggressive moves. Data from CryptoQuant adds another layer to the current setup. The 30-day change in Bitcoin’s active supply percentage is sitting at -17%, a significant drop in activity. This metric tracks whether more or fewer coins are moving compared to a month ago. The current reading suggests declining on-chain activity, often a sign of market hesitation or long-term holders stepping back. Bitcoin On the Edge of Expansion As On-Chain Metrics Flash Opportunity The crypto market is heating up alongside US equities, which recently surged to new all-time highs. As macroeconomic uncertainty fades and risk appetite returns, Bitcoin sits at a pivotal moment. Bulls remain in control after a 45% rally from April’s $75K low, but to confirm the next leg up, BTC must decisively break into price discovery above the $112K resistance level. A key on-chain metric suggests that conditions are aligning for such a move. Axel Adler explains that the “% Supply Active, 30D Change” tracks the percentage growth or decline in Bitcoin’s active supply over the past month. It measures how much of the supply has moved in the last six months and compares it to the same figure 30 days ago. When this value is positive, coin movement is accelerating—typically seen during high-volatility uptrends. When it’s negative, activity is slowing down, signaling accumulation or hesitation. Currently, this value stands at -17%, indicating a marked drop in activity. That may seem bearish on the surface, but it mirrors the conditions seen in September 2024, just before a major rally began. The logic is simple: when fewer coins move and supply becomes more static, a tightening effect builds. Once demand returns, it often leads to sharp upward moves. In short, the low activity hints at a potential breakout window. Bitcoin is consolidating just below its all-time high, supported by favorable macro conditions and low on-chain velocity. If history is any guide, a sudden surge in activity—triggered by a move into new highs—could mark the beginning of the next expansion phase. All eyes are now on BTC’s next move. BTC Weekly Chart Analysis: Bullish Momentum Builds Below All-Time Highs Bitcoin’s weekly chart shows continued strength as price action consolidates just below the $112,000 all-time high. At the time of writing, BTC trades near $107,795, comfortably above the critical support zone at $103,600 and showing consistent higher lows since April. The 50-week moving average is rising sharply and now sits at $85,961, well below the current range, reinforcing the medium-term uptrend. Despite recent rejections near the $109,300 resistance, bulls have defended weekly closes above $100K and maintained momentum within a tight bullish flag structure. Volume has tapered off slightly, suggesting that traders are waiting for confirmation before committing to large positions. However, the lack of aggressive selling pressure indicates that market participants expect a breakout rather than a breakdown. If BTC breaks and closes above $109,300 on the weekly timeframe, the move would likely trigger stop orders and momentum-driven buying, pushing the price into uncharted territory. A failure to break resistance could result in another retest of the $103,600 level, which has acted as a strong floor throughout Q2 2025. Featured image from Dall-E, chart from TradingView

Bitcoin is confronting a pivotal moment after failing to break the crucial $110,000 level. Despite bullish control over the market, BTC finds itself trapped in a period of cautious consolidation. Bulls are actively defending support levels, yet an aggressive push into new territory—often referred to as price discovery—remains elusive. Investors and analysts are now closely watching for a catalyst that could ignite the next phase of upward momentum. Top analyst Darkfost recently highlighted a concerning trend: the unrealized profits of long-term holders (LTH) are steadily declining. Data reveals that these profits are now nearing levels last observed during the October 2024 correction. This decline suggests that the market is slowly erasing some of the gains accumulated during previous rallies, potentially signaling a cooling off or cautious reassessment of Bitcoin’s current pricing. While Bitcoin’s inherent strength and historical resilience continue to inspire confidence, the inability to achieve a decisive breakthrough above $110K casts a shadow over near-term prospects. The balance between bullish control and hesitancy has created an environment of uncertainty. As traders await a clear signal or external catalyst, the coming days will be crucial in determining whether Bitcoin can reclaim upward momentum or revert to further consolidation. Bitcoin Faces A Make-Or-Break Week Bitcoin is holding above the $105,000 mark after several days of heightened volatility and indecision. While bulls remain in control of the broader trend, the market continues to consolidate below the $112,000 all-time high—a level that has become a psychological and technical barrier. This sideways phase began in May and has yet to resolve in either direction. With the US stock market reaching new record highs, many analysts believe Bitcoin and altcoins could follow if momentum continues. This week may prove decisive. A confirmed breakout above $112,000 could signal the start of Bitcoin’s next leg higher. However, failure to do so risks a retracement back to the $100,000 level—or lower—potentially shaking short-term holders and increasing selling pressure. According to Darkfost, on-chain data reveals a key signal: the unrealized profits of long-term holders (LTH) are steadily declining and now approaching levels last seen during the October 2024 correction. The average unrealized profit, measured by the MVRV ratio, currently stands at around 220%. While this may appear high, it’s significantly lower than the 300% and 350% levels seen during the March and December 2024 market tops. The realized price for LTHs is now around $39,000, indicating that while profits remain solid, the market is far from euphoric. For BTC to revisit similar profitability levels observed at prior peaks, it would need to climb to approximately $140,000. This suggests that, despite consolidation, there could still be meaningful upside potential if momentum returns. BTC Range-Bound Below $109K Bitcoin continues to trade in a tight range between $103,600 and $109,300, showing signs of consolidation after weeks of volatility. As seen on the daily chart, BTC has repeatedly failed to close above the $109,300 resistance, a key level that has capped upward momentum since early June. At the same time, the $103,600 support remains intact, reinforcing the idea of a well-defined range. The price currently hovers around $106,500, just above the 50-day moving average (blue line), which has acted as dynamic support during the recent pullbacks. Volume remains relatively low, which reflects indecision across the market. Traders appear to be waiting for a clear breakout from this range to confirm the next directional move. A successful daily close above $109,300 could open the door for a rally toward new all-time highs, while a breakdown below $103,600 might trigger a deeper correction toward the 200-day SMA around $96,000. The convergence of the 50, 100, and 200-day SMAs below the current price shows that the broader trend remains bullish. However, the lack of momentum above $110K reinforces the importance of this resistance level. Until BTC decisively breaks out, the market will likely remain choppy and directionless in the short term. Featured image from Dall-E, chart from TradingView

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices, reinforcing the key resistance just below its all-time high. This rejection has left the market in a state of caution, with investors expecting increased volatility in the coming sessions. As BTC continues to hover below the $109,300 mark, traders are watching closely for signs of either a confirmed breakout or a potential pullback. Adding a new layer to the current setup, top analyst Ted Pillows shared a notable development in Bitcoin dominance. According to Pillows, the Bitcoin Dominance chart is now showing a daily bearish divergence—a classic signal that often precedes a shift in momentum from Bitcoin to altcoins. This divergence occurs when BTC dominance trends higher while momentum indicators begin to weaken, suggesting that Bitcoin’s relative strength may be peaking. For altcoin investors, this could be an early signal of a shift. Historically, bearish divergences in dominance have lead to strong altcoin rallies, as capital begins flowing from BTC into higher-beta assets. While Bitcoin consolidates near resistance, attention may soon shift toward altcoins, setting the stage for a possible altseason. Bitcoin Consolidates As Charts Signal Altcoin Rotation Following the resolution of global tensions between the US, Israel, and Iran, Bitcoin surged above the $105,000 level, signaling renewed confidence across global risk markets. The move marked a key recovery from previous uncertainty, with BTC taking back critical support and shifting focus back toward the $110,000 resistance zone. However, despite the initial breakout, Bitcoin has struggled to push into uncharted territory. Price action remains choppy and directionless, with the market hesitating ahead of what many believe could be a decisive move. Analysts continue to call for a breakout, citing strong accumulation trends, improving macroeconomic conditions, and a bullish long-term structure. Yet the inability to break above the $109,300–$110,000 range raises concerns about weakening momentum. The longer Bitcoin remains capped below resistance, the more likely it is that capital may begin to rotate into other parts of the market. Top analyst Ted Pillows recently shared key insights supporting that thesis. According to Pillows, Bitcoin dominance is showing a daily bearish divergence—a classic sign of impending trend reversal. As BTC dominance climbs but momentum weakens, it suggests that Bitcoin’s recent strength may be fading, and a shift toward altcoins could be underway. Historically, bearish divergences in BTC dominance have often preceded sharp corrections in Bitcoin and explosive rallies across the altcoin market. As Bitcoin consolidates and its dominance loses strength, conditions may be forming for the next big altseason. While nothing is guaranteed, the combination of geopolitical relief, market indecision, and technical signals suggests that a sharp rotation could be close. Traders are now watching both BTC price and dominance levels closely, knowing that once momentum shifts, the move could be swift and powerful. ETH/BTC Chart Shows Signs Of Reversal The ETH/BTC weekly chart reveals a prolonged downtrend that has persisted since late 2022, with Ethereum consistently underperforming against Bitcoin. Since peaking above 0.085 BTC in late 2022, the pair has steadily declined, now trading around 0.0228 BTC—a level not seen since 2020. This confirms that Bitcoin has been the clear market leader for nearly two years, adding most of the capital inflow during bullish phases while altcoins, including Ethereum, lagged behind. However, current price action shows early signs that this trend may be nearing its end. ETH/BTC appears to have found a local bottom, just above the 0.02 BTC zone, after a steep drop. Although the pair remains well below the 50 (weekly), 100, and 200 moving averages, the selling momentum has clearly slowed, and volume has begun to stabilize. This phase suggests that a swing could be forming. If Ethereum can reclaim higher support levels and Bitcoin dominance continues to show bearish divergence—as noted in recent market analyses—the ETH/BTC ratio could start trending higher once again. A rotation from Bitcoin into Ethereum and other altcoins may soon follow, potentially marking the beginning of a new phase in the crypto cycle where altcoins start to outperform. Featured image from Dall-E, chart from TradingView

Bitcoin is showing resilience above the $105,000 mark, holding firm despite ongoing volatility and economic uncertainty. While bulls struggle to break above the all-time high at $112,000, the market remains in a high-stakes consolidation phase. Macroeconomic conditions remain unstable, with weak global growth forecasts and elevated inflation pushing investors into risk-off assets. Still, Bitcoin appears to be thriving under these pressures, strengthening its case as a hedge against traditional financial instability. Top analyst Carl Runefelt recently highlighted a compelling technical development: Bitcoin is forming a massive inverse head and shoulders pattern spanning the last four years. This rare and long-term formation typically signals a bullish reversal and, if confirmed, could mark the beginning of a powerful breakout into price discovery. Runefelt notes that the neckline of this pattern aligns with current resistance just below $112K, making the coming weeks crucial for market direction. As the crypto market digests geopolitical tensions, central bank policy shifts, and on-chain accumulation trends, Bitcoin’s ability to stay elevated signals growing investor conviction. All eyes are now on whether BTC can complete this historic pattern and launch the next leg of the bull run. Bitcoin At A Critical Crossroads Bitcoin is trading at a pivotal level that could determine the market’s next major move — a breakout into new all-time highs or a retrace toward lower demand zones. After surging over 10% since last Sunday, the bullish sentiment is building rapidly, but the price remains stuck in a tight range between $100,000 and $110,000. Bulls are confident and in control of momentum, yet they’ve repeatedly failed to push BTC above the key $110K resistance. At the same time, bears have been unable to take the price below the $100K psychological support, signaling equilibrium and mounting pressure for a breakout. This standoff has kept volatility high, with macroeconomic uncertainty and geopolitical instability adding fuel to the fire. Still, the current market structure appears constructive for Bitcoin. If bulls can finally break above the $110K level and push into price discovery, it would confirm the strength behind this rally and potentially spark a new phase of exponential growth. Carl Runefelt believes a major breakout may be on the horizon. His technical analysis reveals a massive inverse head and shoulders pattern forming over the last four years — a rare and highly bullish setup. According to Runefelt, traders should be “ready for a crazy pump” if Bitcoin breaks through the neckline near $112K. Historically, this type of pattern precedes explosive rallies, and given the long-term nature of this one, the upside potential could be significant. As long-term holders accumulate and market liquidity builds, the coming weeks may determine whether Bitcoin cements its breakout or returns to test deeper support. Either way, this moment is shaping up to be one of the most decisive junctures in the current bull cycle. BTC Price Analysis: Key Resistance Blocks Price Discovery Bitcoin is currently trading at $107,144 on the daily chart, showing modest gains but facing strong resistance as it nears the $109,300 level. The chart highlights a clearly defined horizontal structure between $103,600 and $109,300 — a range Bitcoin has respected for nearly two months. Bulls remain in control short term, having reclaimed all three major moving averages: the 50-day ($105,800), 100-day ($96,784), and 200-day ($96,136) SMAs. The most recent bounce off the $103,600 support zone was followed by rising volume, indicating a potential shift in momentum back to the upside. However, BTC has yet to close convincingly above $109,300, which continues to cap any price discovery attempts. A breakout above this level could open the door to new all-time highs and trigger an aggressive bullish continuation. On the downside, failure to breach resistance and a drop below $105K could reintroduce bearish pressure and trigger a retest of the lower range. For now, Bitcoin remains range-bound with bullish bias, but buyers need to follow through with strong volume and a clean break above the $109K barrier to fully confirm market intent. Until then, caution is warranted as indecision prevails near key resistance. Featured image from Dall-E, chart from TradingView