Bitcoin maintained key support levels over the weekend, following its steady breakout from recent consolidation. The cryptocurrency recorded a pattern of higher highs and higher lows, indicating a bullish structure.
Traders are now waiting for direction as U.S. market hours approach, which usually increases trading volume and price confirmation. With Bitcoin holding steady above its breakout range, analysts are closely monitoring short-term signals.
At the same time, there remains some caution, as leverage seems to be driving recent gains more than immediate demand.
●▪︎ Bitcoin's price movement has broken its range, forming a bullish framework.
According to Stockmoney Lizards, Bitcoin's behavior over the weekend aligned with expectations of sideways movement before rising.
Bitcoin broke through the consolidation area near $106,000, forming a series of higher lows and higher highs on the hourly chart. This shift represented a transition from neutral momentum to bullish momentum with the 200-hour moving average being reclaimed.
The chart also showed signs of a golden cross attempt with the 50-hour average trying to rise above the 200-hour level. This situation historically reflects the potential for further rises, especially when coupled with an increase in trading volume.
The ability to maintain the price range over the weekend indicates market strength as markets are ready to reopen.
However, IT Tech warned that this rise may be driven more by leveraged bets than by genuine buying interest. The cumulative volume delta (CVD) of perpetual contracts continues to rise, while the cumulative volume delta (CVD) of spot contracts remains stable. This divergence indicates that buying pressure is coming from futures markets, not from spot markets.
Without participation from spot buyers, price risks remain high. Sustainable price increases require broader market conviction, rather than temporary moves by leveraged traders.
Analysts urge to closely monitor this divergence to assess whether momentum will continue or fade with market volatility.
●▪︎ Bitcoin's retest of the breakout reflects setups from the fourth quarter of 2024.
Kas Abi compared the current structure to the fourth quarter of 2024, when a breakout followed by a retest led to a strong rise.
He pointed out that Bitcoin has retreated to test its breakout level, similar to its previous behavior before a sharp rise. Although he does not expect a 50% increase due to the market capitalization increase now, it is likely to rise towards $130,000-$135,000 in the third quarter of 2025.
This historical context reinforces bullish expectations if current support levels hold and macro factors remain stable. The market continues to balance technical setups with fundamental demand factors to assess the next move.
