Bitcoin is approaching its all-time high, and market expectations point to a potential price explosion that could happen within hours. After BTC surpassed the $111,000 level driven by several economic and geopolitical catalysts, traders are now asking: Are we just steps away from a new peak?
💥 Strong bullish catalysts: from politics to liquidity
In the past hours, the price of Bitcoin jumped to $111,550 after former US President Donald Trump announced a new proposal to cut interest rates, in a move described as potentially enhancing liquidity in the markets and attracting institutional investments towards digital assets.
> 💬 'Bitcoin rising above $111,000 after Trump's proposal to cut rates may trigger a new wave of institutional entry' — Mary Emerald
📊 Technical Analysis: Anticipated breakout from a reversal pattern
Technical analysis data indicates the formation of an inverted head and shoulders pattern on the Bitcoin chart, with the price approaching the neckline around $111,000. This classic pattern is one of the strongest indicators of a positive reversal, and if the breakout is confirmed and held above it, we may witness a sharp acceleration in the rise.
> 🧠 'Breaking above $111,000 and successfully retesting it will confirm the bullish reversal and open the way towards historical peaks'
🔍 Critical levels to watch
According to the latest Bitcoin trading charts:
The $115,000 and $111,900 area is considered a critical resistance zone.
Breaking above $111,900 may open the way for a rise towards $112,500 then $115,000.
In case of rejection or failure, we may see a temporary pullback to support levels at $107,000 - $105,000.
🔥 Market Sentiment and 'Post July 4th Seasonality'
Historically, July is known as one of the most positive periods for the crypto market, especially after the American Independence holiday. With inflation receding and expectations for interest rate cuts increasing, the macro conditions are favoring high-risk assets, with Bitcoin at the forefront.
📈 Summary: Are we seeing a new ATH this week?
All indicators are converging at one point: Bitcoin is ready for a historical breakout. If the price holds above $111,900, we may see a rapid surge towards unprecedented levels in the coming days.
> 🚨 Keep a close eye on the market... The next breakout moment could be the moment of a new peak for BTC.
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