Bitcoin Price Analysis: BTC Approaches Resistance After Bullish Rally – What’s Next?
Chart Overview:
Current Price: $110,814.98
24h High: $111,980
24h Low: $110,272
Volume (24h): 21,255 BTC
Timeframe: 4-hour chart
1. Trend Analysis (Moving Averages):
MA(7): $111,112 – acts as dynamic short-term resistance.
MA(25): $108,071 – showing strong short-to-mid-term bullish support.
MA(99): $104,089 – long-term trend indicator still rising, confirming macro bullish momentum.
BTC has been trading consistently above all key moving averages (7, 25, 99), signaling a strong bullish trend. The recent correction is minor and likely a consolidation phase before a potential breakout.
2. Price Action & Key Levels:
Support Zone: $105,600 - $108,000
Resistance Zone: $111,980 (recent local top), then $113,853 (next resistance target)
Critical Support Level: $97,365 – aligned with the MA(99) and a key historical level.
The price recently touched $111,980, facing resistance and slightly pulling back to $110,814, hinting at consolidation before another leg up. As long as BTC stays above $108K, bulls remain in control.
3. Volume Analysis:
Volume spikes correlate with price surges, indicating strong buying pressure.
Recent decrease in volume may signal short-term exhaustion, or simply a pause before continuation.
4. MACD Indicator:
DIF (MACD Line): 1,688
DEA (Signal Line): 1,646
MACD Histogram: Positive and rising – indicating bullish momentum is still active.
The MACD crossover to the upside confirms continuation of the bullish phase. However, traders should watch for any divergence or weakening histogram bars.
5. Market Sentiment & Strategy:
The bullish structure remains intact.
Watch for breakout above $111,980 for momentum toward $113,850 and beyond.
A break below $108K may signal a short-term trend reversal or deeper pullback.
Bitcoin remains strongly bullish on the 4-hour chart,
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