Bitcoin Price Analysis: Are Bulls Poised to Run?
The bitcoin price analysis today highlights a tense setup—BTC is bouncing off support while testing resistance, with mixed macro and on-chain momentum. Here’s what’s shaping the price action right now:
4 Crucial Bitcoin Price Analysis Signals
- Defended Around $105.5K
Bitcoin dipped near today’s low at $105,513 before rebounding—suggesting buyers stepped in at that level. Maintaining above this floor could keep bulls in control. - Resistance at $108K–$109K Band
Hourly candles show BTC struggling to close above the $108,000–$109,000 area—a critical door to fresh highs. A clean break there unlocks space toward $110K–$112K. - ETF Inflows & Reduced Exchange Supply
Bitcoin ETFs pulled in ~$409 million in fresh inflows today, while on-chain data shows a net outflow of ~400K BTC from exchanges—classic bullish signs. - Golden Cross in the Making
The 50-day moving average is converging with the 200-day MA. Historically, Golden Cross events follow with rallies of 49–125%. If confirmed, BTC could target $152K or beyond.
Summary:
BTC is locked in a pivotal range. Holding above ~$105.5K while breaking above ~$108K could open the path to new highs. But failure at resistance might lead to a dip back toward support levels. Keep an eye on ETF flows, Golden Cross confirmation, and macro headlines—these will set the tone for the next move.
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