Analyst debates key structural zone for BTC.
This comes from the dense BTC accumulation from Q1.
The price of Bitcoin continues to climb and break past $110,000 resistance level.
The price of Bitcoin (BTC) continues to trade at higher prices, presently between the $106,000 and $107,000 price range. This bodes well for new BTC ATHs soon and aligns with $108,00 being the main target before a bullish pump to new high possibilities as many analysts expect. Now, analysts debate key structural zone for BTC as a dense accumulation for Q1 shines through.
Analysts Debate Key Structural Zone
When it comes to reading crypto price patterns, analysts must take every factor into account to share a weighted prediction. How, when, and why are great questions to have answers to when it comes to trying to read where the price of a popular crypto asset will go next. Presently, there is some debate about a persisting key structural zone for BTC going back to the dense accumulation phase in Q1.
In Q1 of 2025, the price of Bitcoin went on to set a new ATH, soon after this, the price of BTC declined sharply, taking the price of BTC back to the $70,000 price level. After about three months, the price of BTC recovered back to $90,000 and eventually to its 6-digit prices until a new ATH price was hit once again in Q2. During this prolonged correction phase, several traders heavily accumulated the pioneer crypto asset.
https://twitter.com/glassnode/status/1938205607036629473
According to Glassnode analytics, the $93,000 - $100,00 BTC price range remains a key structural support zone for the pioneer cryptocurrency. As we can see from the post above, it highlights the dense accumulation from Q1, a critical factor tied with the dense accumulation. Additionally, it states that the price holding above this band suggests that the broader bullish structure is intact despite short-term volatility.
What’s Next For Bitcoin Price?
One response to the post comes from Alva. The response says that BTC’s uptrend is still alive, with deep-pocket buyers stepping in every time price wicks into the mid-$90,000 zone, and that recent rebounds and sticky ETF inflows underlining that conviction isn’t fading yet. Furthermore, the repose goes on to say that the short-term MACD is bearish, but CRSI pins the market as oversold and ripe for a squeeze.
Finally, the response ends by saying that volume and OI are climbing as BTC grinds toward resistance at $110,000. Lastly, the sentiment is bullish on DeFi narratives and spot ETF action, even as macro risks keep some traders jumpy, and a daily close above $110,000 is the next green light. This signal could trigger BTC’s pump to the next string of new ATH targets in the coming weeks ahead.
