●Technical Forecast for Bitcoin $BTC
Critical support at $97,000 (Fibonacci extension 1.272) and resistance at the all-time high of $111.9 thousand.
Bearish MACD crossover (-829 histogram) against neutral Relative Strength Index (37.94) indicates price consolidation.
Open interest of $73 billion warns of sharp volatility upon surpassing $105,000 or dropping below $100,000 (Bitfinex).
▪︎Summary
The trajectory of Bitcoin depends on whether institutional flows (demand for ETFs + corporate treasury bonds) outweigh overall headwinds (Federal Reserve policy, tariffs) and individual investor capitulation. Monitor the range of $97,000 - $105,000 for signs of price breakout - sustaining above $105,000 could restore momentum towards $140,000.