BTC holds above $100K with rising MAs, signaling renewed bullish momentum and strong demand.
A break above $112K could push BTC toward $120K, while $100K remains key support.
Post-halving trends and ETF inflows support BTC’s path toward $150K–$180K targets.
Bitcoin (BTC) is currently priced at $105,515.19 and remains within a key buy-zone despite recent all-time highs. Technical indicators and on-chain metrics continue to support the case for further upside, as demand from institutions and retail investors remains strong. Analysts are watching key levels closely for continuation.
Technical Structure Shows Bullish Strength Holds
According to analysis prepared by Gemxbt, BTC is showing a recovery pattern after recently dipping to $103,450. The 5, 10, and 20-day moving averages are turning upward, indicating building momentum. The RSI is moving toward neutral territory, while the MACD has crossed above its signal line.
Support near the 50-day EMA at $100,000 has held firmly, according to a review by Merlijn The Trader. He noted that, “BTC respected the 50-day MA like a champ,” referencing a prior 78% rally that followed a similar bounce. Traders see continued consolidation above this zone as a bullish continuation setup.
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If BTC breaks above the $112,000 resistance, analysts forecast a potential move toward $120,000. On the downside, a drop below $100,000 could shift short-term sentiment, though broader technical structure remains intact.
On-Chain Data and Market Cycles Support Further Growth
According to a study by Klarck, Bitcoin is still following post-halving cycle behavior seen in 2017 and 2021. He observed that BTC has only gained 70% since the last halving, while previous cycles posted over 250% growth in similar timeframes.
Institutional buying and ETF inflows have helped reduce exchange supply, creating upward pressure on price. VanEck and other asset managers maintain targets around $150,000–$180,000, supported by increasing scarcity.
CryptoQuant data shows that NUPL and MVRV ratios are approaching key breakout levels. If those metrics hold above 1.0, BTC could enter a new bullish impulse. Analysts believe the recent pullback fits the broader trend of accumulation and price discovery within a long-term uptrend.
The post Bitcoin Holds Above $100K as Moving Averages Turn Up, Here’s the Resistance Level to Watch Next appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
