Bitcoin is trading above key demand levels but continues to face resistance in breaking into uncharted territory. After setting a new all-time high at $109,300 on Monday, the price has struggled to push higher, leaving traders and investors uncertain about its next move. Despite the market’s current indecision, BTC remains strong above critical support, signaling potential for further upside.

Crypto expert Axel Adler has provided key insights, suggesting that BTC may be at an attractive level from an investment perspective. Drawing on historical data, Adler highlights that Bitcoin’s current price aligns with patterns seen during previous bull cycles, where strong support near all-time highs often preceded significant rallies. This has bolstered optimism among long-term investors who view the current consolidation as a potential buying opportunity.

However, BtC’s inability to break decisively above its ATH has left the market in suspense, as traders wait for confirmation of the next trend. A sustained push above $109,300 could spark a new bullish phase and drive BTC into price discovery, while failing to hold key demand levels could lead to further consolidation or even a short-term correction. The coming days will be pivotal for Bitcoin as the market seeks clarity on its next direction.

Bitcoin Enters A Key Phase

Bitcoin is entering a critical phase as it approaches the final stage of the 4-year bullish cycle, a period historically marked by heightened speculation and substantial price surges. With investors and analysts anticipating a significant move in the coming months, many are beginning to set ambitious price targets for the cryptocurrency. This phase is characterized by growing interest, market momentum, and a focus on Bitcoin’s ability to defy macroeconomic challenges.

Renowned crypto analyst Axel Adler has sh

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Author: Sebastian Villafuerte