Bitcoin continues to trade with a renewed strength, backed by a decisive rebound from demand zones and a confirmed market structure change. While the impulse remains optimistic, merchants must remain aware of possible setbacks in key support areas before continuation.
Technical analysis
By Shayan
The daily table
Within the daily period, BTC recently organized a strong rebound of the highlighted order block (demand zone), which stresses that buyers continue with the control firmly at this critical level. The rebound was validated even more for a clean break above the 100 -day mobile average, which had previously acted as dynamic resistance.
This development indicates a return of bullish impulse, although a short -term setback cannot be ruled out in the MA broken about $ 112K. If this new test is maintained, the widest structure would continue to support the continuation of the high resistance zone of all time.
The 4 -hour table
In the 4 -hour table, there has been a clear change of character (Choch), confirming a decisive change from the bearish structure to Alcista. After breaking above the previous maximums, Bitcoin is now consolidating just below the $ 117K resistance region.
The green decision zone at $ 112K remains a key level to monitor. A setback in this block of order would not undermine the upward perspective; Instead, it could provide healthy correction before the next leg up. Sustaining above this base keeps the path open towards ATH reestimations.
Chain analysis
By Shayan
The transfer of BTC from mining wallets to exchanges has historically acted as a pressure barometer on the supply side. The spikes in mining flows have often coincided with the tops of the market, since a greater distribution added sale pressure.
Currently, the 30 -day mobile moving mining to exchange has decreased to its lowest short -term levels. This fall suggests that miners are reducing distribution, and possibly accumulating bitcoin in their place. Interestingly, this trend is aligned with the last Bitcoin increase above $ 115K, reinforcing a sign of bullish feeling of the miners.
In summary, the combination of a technical structure change and the accumulation of miners provides a constructive perspective. While $ 112K is maintained, Bitcoin seems to be well positioned to maintain the impulse and set up another challenge towards their maximums of all time.
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