Bitcoin remained in a compact consolidation range below the highest level of USD 112,000 in history from the end of May, frustrating both bulls and bears. Despite many unsuccessful explosion attempts, BTC had key demand zones above the critical level of support, which suggests mighty basic force. As the prices are prosecuted, variability decreases – a classic sign that there may be inevitable stern movement.

The best analyst Axel Adler shared fresh data indicating that Bitcoin is currently experiencing the Bollinger band textbook. The spread between the upper and lower bands decreased to just 7.7%, which means one of the closest ranges observed in the current bull cycle. Historically, such pressure was preceded by explosive movements in both directions. Given the Bitcoin position above support and in a wider growth range, the probability promotes a positive breakthrough.

This technical configuration, combined with macroeconomic tail wind and the renovated interest of investors, can be used as a BTC catalyst to finally push to discover prices. If this is confirmed, it would open not only the door for the ride of over 112 thousand. USD, but also reset the expectations on the cryptographic market. In the coming days, all eyes will be about how Bitcoin reacts to this growing pressure.

Bitcoin consolidates when Bollinger bands squeeze the next movement signals

Bitcoin still consolidates just below its highest level of $ 112,000, frustrating bulls and bears. Despite the constant resistance at the top, the bears did not reach a price below USD 105,000, confirming mighty demand at key levels of support. As the price exacerbates the wider macroeconomic image increases the complexity of the perspective.

The US Congress recently adopted the “large, beautiful” economic account of President Donald Trump just before the date of July 4. The package includes tax reductions and aggressive public expenses that are to drive inflation in the coming quarters. In combination with hopeful data on work, these changes shape investors’ moods in time-honored and cryptographic markets.

On the technical sideAxel Adler emphasized the classic Bollinger bands, which are currently being formed on the Bitcoin chart. The range between the upper and lower bands increased to just 7.7% – one of the closest readings perceptible in the ongoing bull cycle. This type of decrease in variability suggests energy accumulation, and the price is preparing for significant movement.

Historical patterns offer insight: Six main Bollinger teams squeeze this cycle, four resulted in immediate additional movements and two triggered brief corrections before the resumption of rallies. Thanks to this precedent, Adler believes that the current configuration most likely announces a stubborn breakthrough, although a compact consolidation is possible earlier.

The BTC price lasts above key average movable

The 12-hour Bitcoin chart shows BTC trade for USD 108,892, fighting to interrupt the key resistance zone about USD 109,300. This level has acted as a rejection point many times since the beginning of June, confirming its strength. Despite the last withdrawal, the price remains above 50 SMA (106,442 USD) and 100 SMA (106,671 USD), which indicates that the stubborn shoot is still in the game.

Importantly, Bulls has defended the support range of USD 106,000–10,000 several times, preventing deeper corrections and maintaining BTC in a tight consolidation. The volume has fallen in recent sessions, which suggests that the market is waiting for the catalyst to explode in this field. If Bitcoin closes definitely above USD 109,300 for a mighty volume, running towards USD 112,000 is becoming more and more likely.

On the other hand, a break below 100 SMA may expose BTC to another high support of around USD 103,600, which is a key level that took place since mid -May. 200 SMA (currently 99,093 USD) remains a long -term support zone that has not been tested for months.

Recommended photo from Dall-E, Tradingview chart

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