The crypto market has remained stable today. Bitcoin is trading at $107,375, up 0.3% in the last 24 hours. Altcoins like XRP, BNB, Solana, Dogecoin, SUI, and Cardano are also in the green, posting modest gains of 1-4%.
According to analyst Michaël van de Poppe, Bitcoin is showing an extremely bullish setup that could lead to new all-time high as early as this week.
Bitcoin recently swept liquidity above $108K and pulled back, and is now consolidating just below major resistance. The analyst highlights $110.5K as the crucial breakout level. If BTC clears this, it could accelerate toward new all-time highs, similar to the previous breakout above $106.5K.
On the downside, he points to $105.5K-$104K as strong dip-buying zones, with a deeper support option around $98.5K-$100K. A shakeout into these areas could lead to a bullish rebound, just like last week’s setup.
Although Bitcoin’s momentum has slowed, analysts say that the bull market is not over yet. The MVRV ratio is at 2.2, well below the peak levels, which suggests there is more room to grow. A rise in MVRV momentum, combined with strong ETF inflows could push Bitcoin beyond $112K, with some analysts eyeing even $165K.
Bitcoin’s next big move depends on breaking through the resistance between $108K and $110K. Analyst AlphaBTC says it will take serious momentum to flip this zone into support.
A pullback to around $104K-$105K could help Bitcoin grab liquidity and fuel a stronger push upward. Meanwhile, Rekt Capital calls the $108K level the “final major weekly resistance” standing in the way of new all-time highs.
Analyst Scott Melker notes that Bitcoin has been resilient despite short-term volatility and macro uncertainty. He explains that Bitcoin’s stability reflects strong underlying demand, particularly from institutions. Over the past 12 days, spot Bitcoin ETFs have recorded net inflows of $4 billion, highlighting robust investor confidence. Despite global tensions, Bitcoin’s upward trajectory remains intact.
Read more on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
