After reaching a new all-time high, Bitcoin (BTC) enters a slight stabilization phase.

The spot price of bitcoin stands around $109,600, within a sustained bullish trend marked by the breaking of the previous all-time high.

After hitting a new all-time high, Bitcoin is entering a slight stabilization phase. Discover our complete technical analysis and the scenarios to watch for BTC.

BTC/USD Technical Analysis

The spot price of bitcoin is trading around $109,600, still in a sustained bullish trend following the breakout of the previous all-time high. The weekly variation of +2.42% marks a recovery after a short consolidation phase, accompanied by a clear resurgence in activity, with weekly volumes reaching $44 billion, up 41%. Technically, the trend remains firmly bullish in the long term (200 SMA), while the pace accelerates in the medium term (50 SMA), confirming positive momentum. In the short term (20 SMA), the upward phase continues, although some signs of fatigue appear. Momentum shows a slight recovery but remains in an overbought zone, suggesting stabilization of momentum rather than a strong acceleration.

Bitcoin (BTC) Technical Levels

In an active consolidation context under resistance, Bitcoin is trading near major technical levels, with an still constructive market structure. Resistances at $110,500 and $112,000 (previous ATH) are critical zones that could serve as distribution thresholds if buying power exhausts. On the downside, supports at $106,790, $100,700, and $91,713 represent important defense levels, often linked to accumulation phases. The last daily breakout at $109,346 validates a bullish technical breach of the previous all-time high, reinforcing a positive short-term bias. The monthly pivot point at $88,177 remains well below the current price, serving as a structural reference level. Finally, the volume profile highlights an upper value area at $111,434 and a lower value area at $103,500, delineating a market balance beyond which a more significant imbalance could emerge.

Market Sentiment

The market operates in a greed zone, reflecting euphoric sentiment and a clear resurgence in risk appetite. BTC spot ETFs register significant inflows, indicating clear institutional support for the current bullish momentum.

The current technical analysis was conducted in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.

Derivatives Analysis (BTC/USDT)

Derivatives indicators offer a balanced reading of the market. Open interest continues to rise, reflecting growing speculative interest in the futures market. CVD flows remain overall balanced, with no net pressure signal between buyers and sellers. Liquidation activity remains moderate and directionally unbiased, while the slightly positive funding rate suggests a minor advantage for long positions.

Bitcoin trades between two major technical liquidation zones.

On the upside, the $111,100 to $112,600 zone corresponds to a cluster of seller liquidations; surpassing it could act as a catalyst for bullish acceleration. On the downside, the zone between $106,000 and $93,000 is an area of vulnerability, where increased selling pressure could trigger forced liquidation moves.

Bitcoin (BTC) Price Forecasts

Bullish scenario: A breakout above the $113,000 level could open the door to a continuation of the uptrend with the next target at $120,000.

Bearish scenario: A drop below the $100,000 support level could negate the bullish technical bias and herald a deeper correction, potentially aiming for the $76,000 level.

Commentary: The technical bias remains bullish, favoring a continuation of the upward movement. However, US macroeconomic indicators such as inflation and interest rates, as well as news related to the global geopolitical context, will be decisive in confirming this scenario.

Conclusion

Bitcoin is evolving in a positive dynamic, supported by a robust technical structure and a renewed speculative interest. Despite a consolidation phase below key levels, the bias remains bullish, driven by a balanced market context and an overall optimistic sentiment. Current levels remain sensitive, and the price evolution will largely depend on reactions around technical pressure zones and the global macroeconomic climate. In this context, it will be essential to closely monitor the price reactions at strategic levels to confirm or adjust current forecasts.

Finally, let us remind you that these analyses are based solely on technical criteria, and that cryptocurrency prices can change rapidly due to other more fundamental factors.

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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et