$BTC
Current Price: $108,469
24H Change: -2.26%
24H High / Low: $111,658 / $108,295
Market Cap: $2.17 Trillion
Dominance: 52.3%
30D Implied Volatility: 41% (increasing)
📈 Trend Analysis
Bitcoin maintains a mid-term bullish trajectory, characterized by a higher low (HL) and higher high (HH) structure since the $91,231 pivot low in March 2025. The current price action suggests a Wave 3 extension, with a Fibonacci 1.618 projection targeting approximately $120,839.82, based on the $91,231–$109,588 leg.
🔍 Volume & Liquidity Insights
On-Balance Volume (OBV): Accumulation phase evident since late April, indicating strong buying interest.
Liquidity Clusters: Notable resistance at $111,880; support observed around $108,700.
Cumulative Volume Delta (CVD): Shows aggressive long positions building above $105,000, suggesting bullish sentiment.
Funding Rates: Binance Futures funding rate remains stable at 0.01% per 8 hours, reflecting a balanced market with minimal leverage.
🧠 Metrics
Average True Range (14D): Approximately $2,650, indicating moderate volatility.
Projected Swing Range: Between $108,200 and $113,500, based on recent price movements.
Fibonacci Retracement Levels (from $106,117.67 to $111,880.00):
38.2% – $109,565
61.8% – $108,432
Pivot – $109,000
🧭 Strategic Outlook
The current market structure suggests a continuation of the bullish trend, with potential resistance at $111,880 and support around $108,700. Traders should monitor these levels for breakout or reversal signals. The stable funding rates indicate a healthy market without excessive leverage, reducing the risk of sudden liquidations.
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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.