Bitcoin’s Golden Cross signals bullish strength, with support at $104,500 holding firm amid consolidation.
Volume clusters suggest buyers dominate $104K–$107K zones, while $111K resistance tests short-term breakout potential.
Analysts cite strong demand and technical structure as Bitcoin’s rally pauses, hinting at a possible continuation phase soon.
Bitcoin remains locked between $104,500 and $111,950 following a strong uptrend and confirmed Golden Cross on major charts. Current price levels show structural strength, with momentum cooling slightly but trend signals pointing to continuation.
Volume Clusters and Market Structure Define Support Zones
Bitcoin surged from below $104,000, breaking into higher liquidity regions and triggering sharp market reactions. BTC price now holds above $107,730, trading within a balanced zone filled with clustered bid action. Volume Profile (VPVR) data marks $104,529.8 as the Point of Control, indicating the most traded level recently.
Bitcoin price rejections have formed above $111,000, triggering local sell pressure and short pullbacks. The Bitcoin chart shows clustered bids between $104,000 and $107,000, confirming buyer interest remains concentrated around these levels. Bears continue to appear around $109,000 and above, seen through rising red bars in the volume profile.
Source: Post on X
Momentum has cooled since June 11. The histogram turned negative, falling to -386.4, but hasn’t signaled a broader downtrend. Despite the weakness, the Bitcoin price holds firmly above the $104,500 zone. That area, previously a demand shelf, has now turned into a key decision point for bulls and bears alike.
Bitcoin's sharp rally in early June tapped into previous demand before consolidating. The current pause resembles healthy market digestion rather than trend exhaustion. If Bitcoin price holds above $107,000 and flips the micro-resistance near $108,000, another push toward $111,950 becomes technically viable.
Golden Cross Signals Strength, Reinforces Bullish Structure
The daily Bitcoin chart shows a Golden Cross, with the 50-day moving average now trading above the 200-day. This occurred above $93,000 in early June, following a steady uptrend that began in late May. Previous similar setups resulted in significant upside follow-through, including a 63% rally during Q4 last year.
Source: Post on X
Since that crossover, Bitcoin has maintained structure with higher highs and higher lows. Support held near $94,000 and $102,500 during pullbacks, both zones aligning with past resistance turned support. The moving averages continue to rise, reflecting bullish alignment and reinforcing a longer-term trend.
Candlestick formations remain constructive. Bitcoin price holds above both moving averages, confirming trend-following demand. Short pullbacks remain shallow, indicating strong underlying market confidence.
Market Sentiment Builds as Analysts Target Upside
Market analysts continue issuing bullish commentary following the Golden Cross confirmation. This specific crossover triggered last time before a 63% rally, drawing comparisons to current conditions. Experts refer to this zone as Bitcoin’s “wealth acceleration phase,” citing strong trend momentum and favorable structure.
They’ve called recent dips “gifts,” urging investors to treat retracements as opportunities, not warnings. A perfect Fibonacci bounce and a successful retest of a bull flag breakout reinforce this bullish framework. Critical support remains at $104,500, which must hold to keep momentum alive. The setup now depends on whether buyers can reclaim $111,950 or consolidate longer near $107,000 before continuation.
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