Bitcoin shows positive dynamics, climbing above $100,000. Recent analysis indicates an increase in trading volumes and bullish trends.
BTC/USD Technical Analysis
According to recent data, Bitcoin is trading at $102,895, maintaining a bullish trend. In the last week, the price increased by 10%, confirming recovery after a consolidation period. Trading volumes rose by 33%, reaching $42.73 billion, indicating growing market support. Key support levels are at $100,790, while resistances are at $105,720.
Market Sentiment and Institutional Flows
Market sentiment indicates greed, supported by significant institutional inflows through BTC spot ETFs. This reflects a strong appetite for risk and supports the current bullish trend. The Fear and Greed Index shows a heightened level of greed, signaling a return to risk in investments.
Bitcoin Price Forecast
Bitcoin is expected to remain under bullish influence as long as it stays above $91,700. Potential targets include $105,720 and up to the all-time high of $109,354. In case of a breakdown below the support at $91,700, price levels around $88,177 and lower are possible. Attention should be paid to upcoming U.S. macroeconomic data, which could significantly impact the market.
Bitcoin continues to demonstrate positive trends supported by buyer activity and the overall market situation. Vigilance is required regarding potential signs of market overheating and the influence of macroeconomic factors.
