Bitcoin exceeds over 100,000 USD, recently it was a local level of nearly USD 104,300. After months of agitated action and uncertainty, the bulls are now strongly controlling, reigning the rush in a wider cryptographic market. Because BTC again undergoes key levels of supply, which recently seen near the previous all time, optimism builds that this breakthrough can be the beginning of lasting higher traffic.

It seems that the whole market is waking up, and Altcoins after Bitcoin lead and liquidity returns to risk assets. Traders watch carefully whether BTC can maintain this strength and transform $ 100,000 into solid support.

The best Massive Cheds analyst has provided a technical update emphasizing the current 4-hour chart structure, noting that BTC has stubborn consolidation. This pattern usually signals the continuation, because the price compresses just below the resistance from trying to break down. Without any signs of exhaustion, the configuration suggests that Bitcoin may have more space to start, especially if the bulls can keep the rush over the weekend.

Bitcoin is testing the key resistance among the stubborn shoot

Over the past few days, Bitcoin has increased with strength, piercing many levels of resistance and recovering the $ 100,000 sign with conviction. Currently, nearly USD 104,000 trades, BTC is in the face of a critical resistance zone, which could determine whether the rally continues towards the modern highest all-time-lub-stops for consolidation. This level coincides with the upper limit of the previous supply zone and became a focal point for both bulls and bears.

While the price action remains clearly stubborn, macroeconomic conditions are still a risk. The persistent global uncertainty, concerns about inflation and strict monetary policies from central banks can in a miniature period of time burden risk assets. If mood shifts or external shocks appear on the market, Bitcoin may feel the withdrawal despite the forceful structure that has recently been built.

Cheds offered insights In the current Bitcoin configuration, emphasizing that the 4-hour table shows a “high and tight” stubborn consolidation-classic pattern of continuation. According to Cheds, this formation reflects strength because BTC consolidates at elevated levels, and does not move away, suggesting that the buyers remain under control and absorb all sales pressure.

If Bitcoin can move over $ 104,000 with a volume, the next logical goal would be again from the previous highest all time around $ 109,000. However, traders should remain careful. Despite the stubborn technical configuration, miniature -term variability and external market risk can lead to sudden reversal.

For now, Bitcoin has stubborn bias and as long as he continues consolidating over 100,000 USD, the continuation matter remains intact. The next few sessions will be of key importance to determining whether BTC has the strength to break out or need more time to build.

Price analysis: creating a stubborn structure

Bitcoin currently trads slightly above USD 103,000, consolidating after the level of USD 104,300 earlier that day. The price action confirms that the bulls have a lot of control, after regaining the level of 100,000 USD with the strength and cleaning of many layers of resistance. However, the chart shows that BTC is currently testing the main supply zone from 103 thousand. USD up to 103.6 thousand USD – a level that previously acted as resistance in January and February.

The volume has increased in recent days, signaling forceful demand with this breakthrough. Despite this, the latest candle shows a long upper wick, pointing to miniature -term pressure for sale, because BTC faces resistance. If Bullom manages to exceed 103.6 thousand. USD with a robust volume, there may be a breakthrough towards the highest level of USD 109,000.

On the other hand, the level of $ 100,000 now acts as immediate support. Below are the zones of 95 thousand USD and USD 90,000 – previously consolidation areas – can offer additional structural support. The daily 200-day straight moving average (SMA) at USD 91 227 and 200-day interpretation moving average (EMA) at USD 87 004 remains well below the current price, strengthening a forceful stubborn trend.

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