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 has remained in a tight consolidation range below its all-time high of $112,000 since late May, frustrating both bulls and bears. Despite multiple failed breakout attempts, BTC has held key demand zones above critical support levels, suggesting strong underlying strength. As price compresses, volatility is declining — a classic sign that a major move could be imminent. Top analyst Axel Adler shared fresh data indicating that Bitcoin is currently experiencing a textbook Bollinger Bands squeeze. The spread between the upper and lower bands has narrowed to just 7.7%, marking one of the tightest ranges seen throughout the current bull cycle. Historically, such compressions have preceded explosive moves in either direction. Given Bitcoin’s position above support and within a broader uptrend, the probability favors an upside breakout. This technical setup, combined with macroeconomic tailwinds and renewed investor interest, could serve as the catalyst for BTC to finally push into price discovery. If confirmed, it would not only open the door for a run beyond $112K but also reset expectations across the crypto market. In the coming days, all eyes will be on how Bitcoin responds to this mounting pressure. Bitcoin Consolidates As Bollinger Bands Squeeze Signals Next Move Bitcoin continues to consolidate just below its all-time high of $112,000, frustrating bulls and bears alike. Despite ongoing resistance at the top, bears have failed to drive the price below $105,000, confirming strong demand at key support levels. As the price tightens, the broader macroeconomic picture adds complexity to the outlook. The US Congress recently passed President Donald Trump’s “big, beautiful” economic bill just before the July 4 deadline. The package includes tax cuts and aggressive public spending, which are expected to fuel inflation in the coming quarters. Coupled with optimistic job data, these developments are shaping investor sentiment across traditional and crypto markets. On the technical side, Axel Adler highlighted a classic Bollinger Bands squeeze currently forming on Bitcoin’s chart. The range between the upper and lower bands has compressed to just 7.7%—one of the tightest readings seen throughout the ongoing bull cycle. This kind of volatility drop suggests energy accumulation, with the price preparing for a significant move. Historical patterns offer insight: of six major Bollinger Band squeezes this cycle, four resulted in immediate upside moves, and two triggered brief corrections before rallies resumed. With this precedent, Adler believes the current setup most likely foreshadows a bullish breakout, although minor consolidation beforehand is still possible. BTC Price Holds Above Key Moving Averages The 12-hour Bitcoin chart shows BTC trading at $108,892, struggling to break above the key resistance zone around $109,300. This level has acted as a rejection point multiple times since early June, confirming its strength. Despite the recent pullback, price remains above the 50 SMA ($106,442) and 100 SMA ($106,671), indicating bullish momentum is still in play. Importantly, bulls have defended the $106,000–$107,000 support range several times, preventing deeper corrections and keeping BTC within a tight consolidation range. Volume has declined in recent sessions, suggesting the market is waiting for a catalyst to break out of this range. If Bitcoin closes decisively above $109,300 on strong volume, a run toward the $112,000 all-time high becomes increasingly likely. On the downside, a break below the 100 SMA could expose BTC to the next major support around $103,600, a key level that has held since mid-May. The 200 SMA (currently at $99,093) remains a long-term support zone that hasn’t been tested in months. Featured image from Dall-E, chart from TradingView

Bitcoin is once again testing a critical resistance zone, trading just below its all-time high of $112,000. After a strong rebound from June lows, bulls have reclaimed key levels and are now eyeing a decisive breakout into price discovery. However, the path forward is anything but clear. While sentiment remains broadly optimistic—supported by a favorable macro backdrop and renewed strength in US equities—Bitcoin must deliver a clear push above its historical peak to confirm the start of a new expansive phase. According to data from CryptoQuant, futures markets are showing signs of hesitation. Bears have opened a large volume of short positions, betting against a breakout at current levels. Interestingly, despite this increase in short exposure, Bitcoin’s price remains stable, showing resilience in the face of selling pressure. This standoff between bulls and bears is likely to determine the direction of the market in the days ahead. A clean break above $112K could trigger a wave of liquidations, fueling a rapid move into uncharted territory. Conversely, a failed breakout may invite a deeper correction. All eyes are now on this resistance zone, where Bitcoin’s next big move will be decided. Bitcoin Consolidates Below All-Time High as Market Awaits Directional Move Bitcoin is currently locked in a critical consolidation phase just below its all-time high of $112,000. For several weeks, price action has remained tight, oscillating between $103K and $111K, suggesting strong indecision among market participants. This prolonged sideways movement near the top of the range points to significant resistance, with bulls struggling to gain momentum and push the price into discovery. Top analyst Axel Adler shared futures market data revealing that bears have opened a large volume of short positions, anticipating a rejection at the all-time high. Despite this bearish pressure, Bitcoin has shown remarkable stability, dipping only slightly from $110K to $108K in recent sessions. This resilience implies that while bearish bets are increasing, buyers remain active and willing to absorb sell pressure, keeping the structure intact for now. The market is split. On one side, bullish analysts argue that Bitcoin is coiling for a breakout, and a clean push above $112K could trigger a surge driven by liquidations and renewed institutional flows. On the other hand, bearish commentators warn that the failure to break out could lead to a sharp correction, potentially dragging BTC below the $100K level. With volatility compressed and macro conditions favoring risk assets, the coming days are likely to be decisive. A breakout or breakdown from this range will set the tone for the rest of the summer. Until then, Bitcoin continues to build pressure beneath its all-time high, with both bulls and bears watching closely for the next move. BTC Tests Resistance After Failed Breakout Attempt Bitcoin is currently consolidating near the $109,000 level after briefly pushing above short-term resistance at $109,300. As shown in the 12-hour chart, price action has been struggling to break through this level since early May, with repeated rejections forming a clear horizontal barrier. Despite multiple attempts, bulls have not yet been able to sustain a move above the range highs near $110K–$112K. The 50, 100, and 200-period SMAs on the 12H chart all slope upward, with price currently sitting above all three—a positive sign of underlying bullish structure. However, volume has started to decline, which may indicate a weakening of momentum or a wait-and-see approach by traders ahead of a major move. Support is holding around the $103,600 zone, which previously served as a key resistance and now acts as a base for potential upside continuation. The compression between $103K and $110K is forming a tight range, typically a precursor to a strong breakout. If bulls manage to flip $109,300 into support, a retest of the $112K ATH looks likely. However, failure to break higher may invite renewed selling pressure, especially if short positions continue to build. The next few sessions remain critical for Bitcoin’s directional bias. 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 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 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

As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto. Bitcoin Starts Second Price Discovery Uptrend Last week, Bitcoin’s momentum propelled its price to its new all-time high (ATH) of $111,814 before retracing to its current range. Over the weekend, Bitcoin confirmed its breakout into its second Price Discovery Uptrend, following its successful retest of the $104,500 mark as support. The cryptocurrency has been in a significant market recovery for over a month, rallying nearly 50% from April lows. Analyst Rekt Capital noted that BTC ended its downside deviation period and positioned itself for a retest of its key re-accumulation range during early May’s surge, which was successfully reclaimed and surpassed. The analyst considers that its new Price Discovery Uptrend has “only just begun,” as Bitcoin starts Week 2 of this phase. Rekt Capital highlighted that this cycle has been “a story of Re-Accumulation Ranges,” which signals that a new range will likely form after this Price Discovery. Meanwhile, history suggests a second Price Discovery Correction is ahead as Bitcoin transitions into its new Price Discovery Uptrend. During its future correction, BTC will likely retrace between 25%-35% “to produce yet another Downside Deviation below the Re-Accumulation Range Low (future orange circle) before resuming upside into a likely Price Discovery Uptrend 3.” In the meantime, “All Bitcoin needs to do is hold above the Re-accumulation Range High of $104,500” to continue its price discovery rally. $110,000 Breakout Next? Notably, the flagship crypto has been retesting the range high as support over the past two weeks, confirming the breakout. As such, dipping into the previous $92,000-$104,500 range’s upper zone could happen as “part of normal volatility.” Moreover, it turned another key resistance, the $102,500 mark, into support during this period, which it had previously been rejected from in January 2025. With these levels as support, Rekt Capital considers that only the December 2024 and January 2025 upwicks, at $108,353 and $109,588, stand in the way of additional Price Discovery. Trader Daan Crypto Trades noted that Bitcoin is “still strong but fighting around its previous all-time high from earlier this year.” He pointed out that price action looks “very choppy” in the lower timeframes, but it shouldn’t be concerning for investors if the price remains within its current range. Analyst MacroCRG affirmed that Bitcoin must officially reclaim the $110,000 level to continue its rally, as it marks the previous ATH and the Value Area High (VAH) from last week. “Acceptance above and we likely squeeze straight into price discovery again,” CRG stated. Currently, Bitcoin is retesting its Weekly opening of $109,004 as support, which could set the stage for a breakout above the $110,000 mark if held. Meanwhile, rejection from this area could send BTC price to the $106,000-$108,000 area. As of this writing, Bitcoin trades at $109,181, a 1.4% increase in the daily timeframe.