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$BTC Steady As Market Uncertainty Grows

Despite its recent breakout to $112,000, the rally has not yet been confirmed as a sustainable bullish phase. Analysts widely agree that a clean break above $115,000 is essential to trigger the next leg of price discovery. Without that confirmation, the current move could be seen as an overextension, especially amid broader market instability.

Cheds shared a key technical insight this week, noting that Bitcoin is now back at the daily EMA 8 level—a moving average that has acted as reliable support since the $80K range. This suggests that the current pullback could be a healthy retest of trend support rather than the start of a deeper correction.

If $BTC manages to bounce from this level, bullish momentum could resume quickly. But if the EMA 8 fails, downside risk may increase, especially if traditional markets continue to slide. For now, all eyes remain on how Bitcoin reacts at this technical crossroads.

$BTC is currently retesting key technical levels following its sharp rally to a new all-time high near $112,000. As shown in the 4-hour chart, BTC has pulled back to the 34-period EMA (currently around $107,800), a level that has served as reliable dynamic support during this uptrend. The latest candle action shows buyers stepping in slightly above this area, suggesting it’s still holding.