The cryptocurrency market shows signs of growing investor confidence, accompanied by technical signals indicating a possible Bitcoin breakout into new price ranges.
Signals of Strengthening Bitcoin Interest
Recent signals on charts show Bitcoin stalling at a critical zone around $109K–$112K. However, this time the support appears more reliable. One key indicator is the potential formation of a "golden cross" between Bitcoin's MVRV Ratio and its 30-day simple moving average, a pattern that historically precedes strong upward trends.
Geopolitical Tensions and Their Market Impact
Recent geopolitical tensions have dampened overall risk appetite, but with improvements in the situation between the US, Israel, and Iran, investor interest in risk assets has returned. Bitcoin has taken advantage of the renewed risk-on sentiment, bouncing back sharply and reclaiming position above significant short-term support levels.
Technical Indicators and Possible Movement Scenarios
Technical charts show Bitcoin steadily rising with higher lows, particularly on the 4-hour timeframe. It remains above key moving averages, reinforcing bullish positions. However, trading volume remains muted, indicating that markets are waiting for a clear trigger to move higher. A break above $109,300 on strong volume could ignite a move into uncharted territory, while failure to clear resistance may extend the consolidation phase.
In the coming days, all eyes will be on Bitcoin. A decisive move could define the next chapter of the bull cycle and possibly the direction of the entire market.
