Bitcoin finally restored the long -awaited mark of 100 thousand dollars after the days of consolidation and delayed negative sentiments. The psychological milestone was a key level of resistance, and many investors and analysts carefully monitored the price action of the BTC for tips about its next big step. A recent breakthrough of more than 100 thousand dollars. The United States resumed market optimism, but the question remains: can Bitcoin preserve its impulse?
Leading analyst Karl Runephalt shared a detailed technical analysis of X, emphasizing a critical picture forming in the 1st hour of Bitcoin. According to Ranefelt, Bitcoin currently forms a symmetrical triangle, a classic pattern of a diagram, which usually precedes a significant movement of prices. Pattern suggests that Bitcoin is wound for a decisive breakthrough or decay, with the next few days, even for hours, it is still forming its short-term trajectory.
This key point for bitcoins occurs when the wider experience of the crypto -market is updated by energy after the sluggish end of the previous year. Investors are optimistic, but careful, as the technical installation can signal either the ongoing rally or temporary failures. With BTC in the territory with six -digit values, the stage is set for a critical period, which can determine the first quarter of 2025.
Bitcoin breaks above 100 thousand dollars, but is faced with risks
Bitcoin increased to 102,700 dollars with impressive strength, creating optimism during a very optimistic year. Investors carefully monitor the leader of the market, which continues to demonstrate stability after restoring the mark of 100 thousand dollars. However, BTC is not without risk; Any loss of current levels can lead to a significant rollback, potentially shaking confidence in the ongoing rally.
Leading analyst Karl Runephalt recently shared a detailed technical analysis of X, emphasizing the formation of Bitcoin of a symmetrical triangle in hourly time. This classic pattern of the diagram often precedes a sharp breakthrough or breakthrough, signaling the increased market activity. Runephalt emphasized that the next step can occur, since the price is rigidly consolidated in the triangle.
Runefelt outlined the key prices for traders. Close below the mark of 100 thousand dollars will serve as a bear signal, potentially canceling the bull structure built in recent weeks. Conversely, a breakthrough above $ 103 thousand. The United States would confirm the bull impulse and prepare the ground for the continuation of the rally.
The next few days will be crucial for bitcoins, since the market remains in a state of indecision. Although optimism surrounds the possibility of a stable bull cycle, the potential to increase volatility emphasizes the need for caution in this key period.
Fresh liquidity testing
Bitcoin is traded at 101,400 US dollars after a decisive 4-hour breakthrough above a critical mark of 100 thousand dollars, which caused the resumption of optimism among investors. This pure breakthrough pushed BTC into fresh liquidity above the psychological level of 100 thousand dollars, which is a sign of power, since the market leader is trying to maintain a bull impulse.
However, the battle is far from the end. Although Bitcoin’s price action remains promising, the bulls should raise the price above in order to assert full control. The next major obstacle is 103,600 dollars, which is a key level of resistance, which, if it is broken, can lay the way for a huge reinforcement. A strong step above this mark will confirm the bull structure of Bitcoin and, probably, will attract more buyers, pulling the price into new record maximums.
On the other hand, the inability to retain more than 100 thousand dollars can lead to a consolidation phase. This scenario can hold BTC, frustrating, disappointing traders, and postponing senusistic investors are looking forward to.
Dall-E shown image, TradingView diagram
