BITCOIN is currently trading $ 96,000 for a week, with the highest level of strong price action of $ 97,900 since March. The price is now on the psychological $ 100,000 barrier, a major milestone that can confirm the beginning of the new macro rise trend. However, the world’s macroeconomic tension is still weighed on investor feelings due to concerns about inflation, trade conflicts and monetary strengthening.
Despite the uncertainty, optimism is growing among long -term holders and market participants who expect escape in the next few weeks. TED Pillows, the chief analyst, shared insightful comparisons, suggesting that Bitcoin is currently reflecting GOLD’s recent price cycle. According to Pillows, Bitcoin has been in accumulation since the March 2024 peak and successfully bankrupt in the fourth quarter of 2024.
BTC now appears to be following the same trajectory, and there is a trust in investor trust in which supply and demand rises. If the pattern continues, more than $ 100,000 continuous push can guide the new legs of the Bull period, which leads to more capital in the encryption market.
Bitcoin approaches major tests while tracking the road of gold
Bitcoin is once again trading just below $ 100,000 at a decisive moment. After a few weeks of steady profits and more than $ 97,000, the bull has been confident, but market participants remain carefully. Successful rides of more than $ 100k will not only indicate major psychological signs, but also inform the beginning of the new strength macro stage. However, macroeconomic tensions, including inflation pressure, global trade instability, and remaining economic downturn, are continuously weighted in a wider market.
The pillow shared an attractive outlook, pointing out that Bitcoin seems to be tracking the same path as GOLD’s recent rally. According to his analysis, BTC went through a classic accumulation stage in early 2024, similar to Gold’s actions in early 2024. After that, in the fourth quarter of 2024, it reached its peak at another failure. Since then, Bitcoin has been in an integrated stage for several months, coiling within the defined range and built the required strength for the next leg.
The pillow is expected to start a brake out and the new highs will be set in the second quarter of 2025. If this scenario progresses, Bitcoin can surpass $ 100 million in resistance and potentially open the door to fresh capital in the crypto market.
BTC prices are integrated ahead of important tests
Bitcoin is traded for $ 96,500 after a strict integration of less than $ 98,000 for several days. In recent years, the amount of upward exercise has been slow, but the bull maintains the control state because the BTC is firmly fixed than the main short -term support level. The $ 100,000 resistance remains the most important milestone on the horizon, which allows you to check the tax evasion and ignite the next leg of the optimistic cycle.
However, according to the price behavior, the market is waiting for the catalyst to break this range. The decisive movement of more than $ 98K can set a touch for six numbers, while continuing to refuse near this level can cause short -term exercise. If Bitcoin does not have a $ 95K support area, the next main support can be modified to a low $ 90K area of $ 88,500.
Overall, the setting is still constructive, but the bull must prove it soon. As macroeconomic uncertainties are still coming and global liquidity conditions are strengthened, market participants are closely watching signs or weaknesses of confirmation in Bitcoin’s current structure. Until then, the $ 95K -$ 100K range remains in the battlefield.
DALL-E’s main image, TradingView chart
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