On the 1M (monthly) chart, Bitcoin’s price action reveals a classic story of parabolic rises followed by brutal corrections, each cycle carving a higher low and a higher high. The all-time high of $109,114 in January 2025 now looms as the top of the most recent euphoric spike, but the sell-off that followed has been sharp and decisive, with price currently hovering around $102,356.
The 1M chart’s MACD has begun to flatten, hinting at fading bullish momentum, while the RSI, which once screamed overbought, is now cooling off but still holding a neutral zone. Volume remains robust, signaling that interest is far from dead, but the lower highs and visible red candles show a market in a state of hesitation.
The key support around $100,000 is a psychological and technical battleground. If it breaks, the next major support could be around $85,000, where past consolidation suggests strong buy interest. On the upside, $109,114 remains the primary resistance—a level that will need a surge of momentum to be broken. The long-term trajectory still favors an uptrend, but this is a market where winter can follow summer fast.
