Bitcoin Forms rounding the background: the expert sees an impulse at $ 100K next week

bitcoin has been operating aside in a adjusted consolidation range, being maintained below the key supply levels while maintaining strong above crucial demand areas. This phase of indecision has divided the feeling of the market, and many are inclined towards an upward trend that could result in an aggressive movement in the next few days. While uncertainty persists, analysts are optimistic that bitcoin is preparing for their next significant price action.

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The renowned analyst Jelle shared a technical analysis in x, revealing that bitcoin is still building a 4 -hour rounding background, a bullish pattern that often precedes a break. Jelle stressed that a new maximum settled on Friday, indicating a potential impulse in favor of the Bulls. This training suggests that bitcoin could be preparing for a movement towards the recovery of key levels, including the long -awaited $ 100K brand.

Despite the recent lateral price action, bitcoin's resistance above crucial demand areas reflects the underlying force. Many merchants and investors closely monitor, since this consolidation could soon come to an end. Whether btc is broken above your supply zone or the lowest levels will be taken again, the following movement is expected to establish the tone for short -term market management. All eyes remain in bitcoin while the market expects confirmation.

bitcoin prepares for a massive movement

The price of bitcoin is still driven by speculation and uncertainty, since short -term price action remains unpredictable. The price has fought to recover the $ 100K brand, leaving analysts divided over their next movement. Some are asking for a cycle greater than $ 109K, while others believe that bitcoin is preparing the stage for a massive rally once consolidated and establishes a strong demand at the current levels.

belong <a target="_blank" href="https://x.com/CryptoJelleNL/status/1890484255253315868″ target=”_blank” rel=”nofollow”>Technical Analysis in xHighlighting that bitcoin is still forming a rounding pattern above the level of $ 94k, a bullish structure that indicates the accumulation and potential for ascending impulse. He pointed out that a new maximum was established on Friday, strengthening the case for a possible break. According to Jelle, if bitcoin can maintain another minimum higher over the weekend, the Bulls could boost the price towards the critical brand of $ 100K next week.

Despite continuous uncertainty, the rounding background pattern offers a ray of optimism for the market. bitcoin's capacity to stay above the level of $ 94K reflects its resistance, even in the midst of volatility. The merchants and investors are closely monitoring this consolidation phase, since it could determine the next significant trend for btc.

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If the price successfully claims the $ 100K brand, a rally becomes increasingly likely to the top of the $ 109K cycle. On the contrary, not maintaining current levels could lead to deeper correction. The next few days will be crucial for the short -term direction of bitcoin, with bulls and bears fighting for control.

btc Price fights with a short -term address

bitcoin is quoted at $ 97,700 after briefly labeling the EMA 200 of 4 hours about $ 98,800, sitting less than 3% below the crucial level of $ 100K. Bulls strive to recover the level of $ 98K and exceed the price above the $ 100K psychological brand, a critical resistance zone that has kept btc in a consolidation phase. Breaking above $ 100K would indicate a renewed impulse and could prepare the stage for a strong upward trend.

The $ 98k and $ 100K levels are short -term key obstacles to bulls, since claiming these areas would restore confidence and probably attract more buyers. A successful rupture above the $ 100K brand could light a rally, take bitcoin to a higher territory and possibly try maximums of all time.

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On the other hand, the downward risks remain significant. Losing the $ 94K support level could trigger a correction in lower demand areas of around $ 89K, where buyers could intervene to avoid greater decreases. Such movement would indicate the continuous indecision of the market and could lead to an extended consolidation or even a bearish pressure.

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