• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Technical Analysis: Critical Price Levels and Possible Scenarios

user avatar

by Giorgi Kostiuk

7 hours ago


A recent report by MakroVision provides a detailed technical analysis of the Bitcoin situation. Analysts highlighted critical price levels and possible market scenarios.

Current Bitcoin Situation

MakroVision specialists noted that Bitcoin has formed a strong price structure in recent weeks. However, a breakout in the short term could significantly impact the direction of future price movements.

Resistance Levels

Bitcoin is currently approaching a red trend line that has acted as strong resistance for an extended period. A breakout above this level may open the path to high liquidity in the $111,000–$112,000 range.

Support Levels and Possible Scenarios

On the support side, two main areas stand out: * The $106,400–$107,400 range, regarded as short-term support. * The $105,000–$102,000 band below this level defined as a larger demand zone.

MakroVision suggests that if Bitcoin can maintain above the $110,000 level, this could initiate new upward momentum. Conversely, the reaction of the price to support level tests will be crucial for determining market direction.

MakroVision's analysis emphasizes critical Bitcoin levels that could influence its future dynamics. Traders need to observe price behavior in these areas to assess potential scenarios.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

H100 Group Raises SEK 516 Million to Accelerate Bitcoin Accumulation

chest

H100 Group has raised SEK 516 million to fast-track its Bitcoin accumulation strategy.

user avatarGiorgi Kostiuk

US Sanctions Against North Korean IT Network: New Cyber Warfare Strategies

chest

The US imposes sanctions on North Korean IT workers accused of theft through fake job postings.

user avatarGiorgi Kostiuk

XRPL EVM sidechain shows technical achievements but lacks user engagement

chest

The XRPL EVM sidechain launched with over 1,400 smart contracts, yet user adoption is not growing as anticipated.

user avatarGiorgi Kostiuk

214 Million XRP Transferred Between Uphold Wallets

chest

A transfer of 214 million XRP worth approximately $499.7 million took place between Uphold wallets.

user avatarGiorgi Kostiuk

H100 Group's Investment in Bitcoin: Reflecting a New Trend in Corporate Finance

chest

Swedish company H100 Group has announced a $54 million investment towards Bitcoin accumulation, highlighting a new trend in corporate finance.

user avatarGiorgi Kostiuk

XRP ETF Launch Deadlines: What to Expect in July

chest

July marks key deadlines for XRP ETFs. Discover the expected initiatives and the SEC's impact on the market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.