Bitcoin on the verge of a new impulse? Technical analysis for the end of the week
Bitcoin is in a delicate balance at the end of this week, trading in the area of 103,000 - 105,000 USD, after a period of consolidation. The chart on large timeframes (1D, 3D and 1W) suggests that the market still maintains a bullish structure, but the final decision will depend on the price behavior in front of important resistances.
Three positive technical signals:
1. The price is holding above the MA50 and MA200 - a clear indication that the uptrend is still active.
2. The RSI is neutral (not overbought) - which leaves room for a potential continuation of the trend.
3. The MACD recently issued a bullish signal, supporting the prospect of a breakout.
Key Areas to Watch:
•Strong Support: $100,000
•Critical Resistance: $105,000
•Potential Target: $110,000 if momentum is confirmed with volume
The macro context remains Bullish – with increasing institutional interest and a bullish long-term outlook. However, some analysts are warning that a clear rejection from $110,000 could signal the formation of a “double top”, similar to the one in 2021.
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Conclusion
Bitcoin seems to be preparing for a new wave of growth, but confirmation will only come from a clear break above $105,000 with strong volume. Otherwise, a prolonged consolidation or a minor correction remain possible scenarios. Until then, we remain in strategic reaccumulation territory.
