🚀 Bitcoin holds above 108,000$: Has the new bull season begun?
After weeks of volatility, Bitcoin shows strong signs of regaining its upward momentum, with notable weekly gains of 7%, currently stabilizing at 108,800 dollars. Are we on the verge of a new rally leading the market to historical peaks?
📊 Market Overview
Bitcoin bounced from a vital support level of 99,000 dollars, managing to regain more than 7% over the week, maintaining its hold above 108,000 dollars. Although it is still only 3.1% away from its all-time high (ATH), the current momentum and technical behavior suggest an imminent breakout of upcoming resistances.
🧩 What drives the market? A look at the fundamental factors
✅ Positive Factors:
-Increasing institutional adoption: A massive acquisition deal announced by Remixpoint worth 215 million dollars boosts market confidence.
-Positive ETF flows: Exchange-traded funds (ETFs) saw inflows of 80 million dollars, reflecting renewed interest from institutional investors.
-Smart moves from whales: Strengthening long-term positions of large investors enhances market confidence in the upward trend.
-Growth plans from Metaplanet: The Japanese company reveals an ambitious vision to increase its revenues by integrating blockchain into its business models.
❌ Negative Factors:
-Mysterious movements of market whales: Transfer of 9,000 Bitcoin from an old wallet raises temporary concerns about the intention to sell.
-Ongoing regulatory pressures: Scrutiny on trading platforms is increasing, especially following the Mt. Gox files and cybersecurity concerns.
-Technical resistances: The price is currently facing critical resistance at 109,200 dollars, which is a key testing point for the market.
🔍 Technical Analysis: Are we on the verge of a new breakout?
🎯RSI Indicator: Stands at 54, reflecting a "neutral – positive" state, and may pave the way for a strong rise if it exceeds 60.
🎯Bollinger Bands: The current contraction indicates an impending sharp movement, likely upward if momentum continues.
Support and Resistance:
🔴Major support at: 107,200 dollars
🔴Critical technical resistance at: 109,600 dollars
🔴Clear accumulation pattern on the BTC/USDT pair, with a potential positive breakout soon.
🧭 Strategic and Investment Vision
Despite the volatility, 84.9% of community sentiment remains positive, supported by optimism regarding the legalization of digital currencies in several Asian countries. Notably, Vietnam's plan to adopt digital assets by 2026 enhances regional growth prospects.
📌 Proposed strategy:
Enter on any correction towards 107,200 dollars, with this point designated as a "stop-loss."
Expected targets in the medium to long term:
130,000 to 135,000 dollars by the end of Q3 2025, if large investors continue to accumulate their positions.
📣 Summary
Bitcoin shows signs of strength again, supported by increasing technical and institutional momentum. With ongoing legal and regulatory developments worldwide, we may witness the market entering a new phase of accelerated growth.
🔖Are you ready to take advantage of this trend? Leave your answer in the comments.