#BTC☀

This analysis highlights the importance of the simple moving averages (SMA) of 50 and 100 days, which have formed a bullish crossover, indicating positive momentum in the macro market trend. 

Michael van de Poppe, founder of MN Capital, emphasizes that $98,000 is a key level for the continuation of the bullish movement. 

As always, it is essential for each investor to conduct their own research before making financial decisions, as the market carries inherent risks. 

Summary

The price of Bitcoin remains trapped below $105,000, consolidating in a range of $101,500 - $105,000. Despite two failed attempts to break this resistance, the market still lacks a clear catalyst for a sustained rally. 

Reasons why Bitcoin does not surpass $105K: 

🔹 Strong resistance at $105,000 prevents new highs. 

🔹 Sell liquidity between $105,000 and $110,000 limits the advance. 

🔹 Bearish traders generate pressure in the market. 

🔹 No immediate catalyst to drive a bullish movement. 

Key data: 

📉 BTC production remains stable with support at $100,000. 

📉 A test of the range $98,000 - $100,000 is expected before a possible breakout. 

📈 Historically, the fear of retail traders has been a bullish signal. 

The market remains in a consolidation phase, and investors should be alert to a possible breakout or drop before making strategic decisions.