Will Bitcoin (BTC) Price Skyrocket Even Further This Week ?
Bitcoin is hovering around a critical threshold, indicating a major trend on the horizon. Analysts are decoding fundamental signals that make the BTC price a key indicator to watch closely.
BTC Consolidation Under High Tension
After a strong correction, Bitcoin is trading sideways, stuck in a tight channel. Analysts see this as the “calm before the storm,” with the flagship crypto approaching a decisive moment.
Among them, the IT Tech observer highlights the critical role of the SuperTrend indicator. It has issued rapid buy and sell signals, reflecting market tension. As long as BTC stays above $86,400, the structure is bullish, but a drop below this level would increase the risk of a reversal.
Liquidity zones on the exchanges are being closely monitored. Between $86,000 and $86,400, an accumulation of long positions suggests a potential rebound. Around $89,500, a breakthrough would pave the way to $90,600. But a close below $88,000 would threaten to trigger cascading liquidations.
How High Can Bitcoin Go ?
According to analyst CryptoKaleo, BTC could target $112,000 upon confirmation of a bullish breakout. Technical indicators and continued accumulation in spot and derivative markets support this ambitious forecast.
Quantitative models, including Elliott Wave Theory, even suggest a possible parabolic expansion phase if the $92,000 mark is crossed with volume.
The overall sentiment remains positive, with high open interest in derivatives and strong Bitcoin dominance. However, caution is advised, as the crypto market remains sensitive to interest rates, dollar liquidity, and regulation.
The Bitcoin price is at a decisive technical crossroads. It is a key moment for seasoned investors to manage risks, position strategically, and anticipate the next major trend.
Gaston Cuny
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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