In the monthly chart, the $BTC has been showing a consolidation movement after the strong rise that took it above the mark of 100 thousand dollars. Since the peak near 112 thousand, recorded in May, the asset has fluctuated between the support region at 100 thousand and the strong resistance between 107 thousand and 109 thousand dollars. This price range has proven to be decisive, functioning as an important ceiling for the advancement of the bullish trend.
Despite the buying pressure still remaining active, the monthly chart suggests a certain loss of strength in the more recent candles, which may indicate a natural pause in the market after the long climb. Technical indicators, such as the RSI, remain in neutral territory, oscillating around the 50 points, without indicating overbought or oversold conditions. The MACD still maintains a positive bias, but with signs of weakening momentum.
The long-term moving average continues to point upwards, reinforcing that the macro structure remains bullish, as long as the support of 100 thousand is not lost. If the price manages to close a monthly candle above the region of 109 thousand with relevant volume, Bitcoin may seek new historical highs, reopening space for a new bullish leg. On the other hand, if there is a loss of 100 thousand with monthly confirmation, the market may correct to lower regions, such as 92 thousand or even 88 thousand, where there is accumulated technical support from previous months.