#cryptotradingpro

Analyzing Bitcoin’s Bullish Market Structure

A top-down approach is best to determine what Bitcoin price prediction holds for the near-term future. If the momentum is strong enough, $BTC will hit $110,000 or push higher. The 4-hour chart shows a series of higher lows since BTC price set up the April swing low around $73,000. This price structure shows clear strength and bullish momentum and is indicative of a continuation of the uptrend a retest of all-time high.

$BTC Price is Less Than 2% Away for ATH, Is a $110K Possible Today?

The hourly chart shows a similar outlook for Bitcoin with a series of higher low formations. A key value area to watch on this timeframe extends from $105k to $102.5k. 70% of the volume traded between December 2024 and February 2025. Yesterday’s correction tagged the $105k level, catalyzing a buying spree that pushed BTC price to a new daily high of $107,950. This move created a higher low, retaining the bullish market structure.

Nearly 7,000 $BTC worth $740 million of open interest was added since yesterday’s intraday low of $102,000. This clearly shows investor interest and willingness to buy the dips. Hence, the chances of a potential push to retest the previous ATH at $110,000 are highly likely.