The cryptocurrency market is holding steady, with Bitcoin (BTC) currently priced at $107,375, reflecting a slight 0.3% increase over the past day. Major altcoins, including XRP, Solana (SOL), Dogecoin (DOGE), SUI, and Cardano (ADA), are also in positive territory, registering gains between 1% and 4%.
Is Bitcoin’s Bull Run Only Beginning?Renowned crypto analyst Michaël van de Poppe has identified a highly bullish pattern in Bitcoin’s price action, suggesting that a new all-time high (ATH) could be reached as soon as this week.
Recent market activity shows that BTC briefly surged past $108K, absorbing liquidity before retracing slightly. The asset is now consolidating just beneath a key resistance level. According to van de Poppe, a decisive break above $110.5K could trigger a rapid ascent toward uncharted territory—mirroring its previous explosive move after surpassing $106.5K.
Key Levels to Watch:
🔹 Upside Breakout: A sustained close above $110.5K may confirm the next leg up, potentially propelling BTC toward $112K and beyond.
🔹 Support Zones:On any pullback, $105.5K–$104K is seen as a prime accumulation area, with a deeper safety net near $98.5K–$100K. A dip into these levels could set the stage for another bullish reversal, much like last week’s rebound.
Market Indicators Signal Further Upside:
Despite a recent slowdown, analysts remain optimistic about Bitcoin’s long-term trajectory. The MVRV (Market Value to Realized Value) ratio, currently at 2.2, remains well below historic peaks—indicating that BTC is still far from overbought territory.
If ETF inflows continue to surge alongside rising MVRV momentum, Bitcoin could not only breach $112K but also aim for $165K, as some experts speculate.
The Final Hurdle: Breaking $108K–$110K Resistance:
Analyst AlphaBTC emphasizes that Bitcoin’s next major move hinges on converting the $108K–$110K resistance zone into support, which will require significant buying pressure.
Meanwhile, Rekt Capital describes $108K as the "last major weekly resistance"before Bitcoin enters price discovery mode. A brief retest of $104K–$105K could provide the necessary liquidity for a stronger upward push.
The Bottom Line: With bullish technicals, strong institutional demand, and key resistance levels within reach, Bitcoin appears poised for a historic breakout. If the bulls maintain control, a new ATH could be just days away.
Will BTC shatter expectations and surge past $110K this week? The crypto world is watching closely. 🚀
(Disclaimer: This is not financial advice. Always conduct your own research before investing.)
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