Short-Term Signals: Tentative Buyer Strength
On the 4-hour chart, momentum appears to be picking up. Bitcoin has reclaimed and moved above the $107,270 pivot, approaching resistance again near $113,002, backed by a rise in trading volume IcoHolder.
A mild pullback to the $111,000–$111,500 range could provide a potential entry point—especially if buying remains healthy. But failing to break resistance could spark profit-taking and renewed weakness IcoHolder.
Zooming into the 1-hour chart, Bitcoin shows a pattern of higher highs and higher lows, topping at $113,002 before drifting sideways beneath resistance. Though volume spiked during that move, it’s since tapered—hinting at buying exhaustion
Technical Indicators: Treading the Neutral Line
Technical readings are generally neutral to slightly bullish:
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RSI sits at 49
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Stochastic Oscillator at 44
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Commodity Channel Index (CCI) at -9
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ADX at 18
These figures suggest a market in balance without clear directional conviction
What Lies Ahead: Scenarios to Monitor
Bullish Breakout
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A clean break above $113,000 on strong volume could propel Bitcoin toward $114,000 and open the door for a broader rally IcoHolder.
Bearish Reversal
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On the downside, a failure to hold $111,000 could drag prices down toward $109,000 or even back to $107,000, reinforcing this move as a bear-market bounce rather than a genuine trend reversal
Final Word
Bitcoin is currently in a tug-of-war between emerging bullish momentum and entrenched bearish structure. Traders should be watching $113,000 for signs of strength—or $111,000 for potential weakness. Volume confirmation will be the deciding factor.
Waiting for clarity before committing to directional plays would be the prudent move in this measured setup.
