Bitcoin is showing strong bullish momentum despite ongoing market volatility, holding firmly above the $100,000 level as anticipation builds for a breakout into price discovery. After weeks of consolidation and multiple failed attempts to break all-time highs, BTC remains resilient, fueling speculation that a massive move could be just around the corner. The crypto market as a whole is closely watching Bitcoin’s next steps, as its direction will likely set the tone for altcoins and broader risk assets.
Adding to the bullish narrative is fresh data from Santiment, which highlights an important on-chain development: a potential golden cross between the MVRV Ratio and its 30-day simple moving average. Historically, this crossover has signaled major turning points for Bitcoin, often marking the start of strong upward trends. As the two lines converge, investor sentiment is beginning to shift, with more traders positioning for a breakout.
While resistance remains near all-time highs, the technical and on-chain setup suggests that Bitcoin may soon break out of its current range. With momentum building and market confidence growing, a confirmed move into new highs could trigger the next major leg of the bull cycle. For now, all eyes remain on Bitcoin.
Bitcoin Consolidates Above $105K
After a period of heightened geopolitical tension involving the US, Israel, and Iran, global markets have found a sense of relief. With those conflicts now largely de-escalated, risk appetite has returned, and Bitcoin has responded with strength. The leading cryptocurrency pushed decisively above the $105,000 level, reclaiming short-term momentum and signaling renewed confidence among investors. However, BTC now faces a critical challenge: breaking into uncharted territory above its all-time highs.
Currently trading just below the key resistance zone near $109K–$112K, Bitcoin is consolidating in a tight range. Price action has shown resilience, but momentum has paused as bulls and bears
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Author: Sebastian Villafuerte
