Bitcoin settles at approximately $105,800 in a narrow range, with the important levels being $106,800 resistance and $105,000 support.
Market watchers highlight the $105,000 FVG as key support, with resistance close to $106,800 potentially halting bull runs.
Market sentiment rests on a breakout, with the Ichimoku Cloud indicating firm conditions but low volatility to come.
Bitcoin is oscillating in a tight range as it stands at a pivotal point between bull and bear themes. Major technical indicators and market structure identify potential levels for a breakout, while short-term patterns of consolidation predominate.
Bitcoin's price is stuck at about $105,800 in an "inside bar" pattern within the confines of resistance at $106,800 and support at $105,000. This waiting game is a sign of indecision, with players holding back for a breakout that will set the next major trend. Price compression near these levels underscores the significance of upcoming movements, particularly as Bitcoin interacts with technical indicators like the Ichimoku Cloud and Fair Value Gaps (FVGs).
Source: BATMAN
Following the breakout attempts in recent sessions, analyst BATMAN points to the inverse relationship between Bitcoin and USDT dominance. The recent pullback in Bitcoin coincides with a bearish retest of USDT.D, whose overall trend remains downward. According to the analyst, this inverse correlation signals room for Bitcoin to regain upward momentum, provided the FVG zone below $105,000 remains intact.
The chart features two bearish FVGs, with the first at $105,000 to $100,700 being a critical zone. If Bitcoin loses this support, bearish momentum could accelerate. Meanwhile, upward pressure faces resistance near $106,800, where recent candles show rejection wicks, reflecting strong selling activity. The descending resistance line reinforces this cap, solidifying it as a key barrier to further gains.
Bullish Momentum Hinges on FVG Support
As Bitcoin consolidates, Titan of Crypto emphasizes the role of the daily FVG in providing strong bullish reactions. Short-term strength is indicated by the current structure's consistent holding pattern above the Kijun-Sen and Tenkan-Sen indicators. These lines act as dynamic support, aiding Bitcoin's resilience within the inside bar formation.
Source: Titan of Crypto
The Ichimoku Cloud projects stable conditions, with a thin cloud signaling limited volatility ahead. The upward arrow near $106,800 indicates potential for a bullish breakout if Bitcoin breaches this level. However, the analyst questions whether buyers can maintain momentum as resistance levels tighten. Could the $105,000 support hold amid renewed selling pressure, or will the market shift bearish with a break toward $100,700?
Bitcoin’s consolidation reflects a pivotal phase where price compression defines the outlook. Analysts agree that movement outside the defined range could establish a stronger trend, while market sentiment and liquidity dynamics will play critical roles in shaping Bitcoin’s next direction. This technical setup underscores the delicate balance between bullish and bearish scenarios as Bitcoin navigates crucial levels.
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