$BTC

The analysis of the BTC/USD pair shows an upward trend, with the current price at $105,623. Throughout the day, Bitcoin reached a high of $106,000 and a low of $104,000, indicating moderate volatility. Analysts suggest that if the price exceeds $110,000, it could initiate significant price discovery, which could "vaporize" short positions. However, the 'Choppiness' index indicates that the strength of the upward trend is decreasing, suggesting caution. In summary, while there is potential for an increase, the current instability could affect the future direction of the price.

The market structure for BTC remains positive, with higher lows since the recent low of $73,000. The market capitalization has reached $2.1 trillion, reflecting strong buying interest. The implied volatility index stands at 49.23, suggesting that investors anticipate significant movements. The key support zone is between $105,000 and $102,500, where 70% of the recent volume has been traded. If Bitcoin manages to maintain its momentum, it is likely to seek to reach the all-time high of $110,000, although the decrease in the strength of the upward trend requires monitoring.