Bitcoin is now negotiated 42% above its lower April, highlighting a powerful change in dynamics while the bulls regain market control. With the action of prices to climb regularly and the levels of key resistance that are tested, many analysts think that Bitcoin could soon break in unexplored territory. Despite continuous global uncertainty – speculation on interest rates to geopolitical tensions – global fundamentals indicate a resilient and strengthening market.
Institutional flows remain stable, demand for demand sell pressure and long -term holders show no sign of capitulation. This backdrop supports the growing view according to which Bitcoin could be on the verge of an extensive movement, which defines the next step in the current bull cycle.
Top analyst Darkfost added to the Haussier story by sharing a revolutionary idea: for the first time in the history of Bitcoin mining, the average cost of production exceeded the $ 100,000 mark. This not only underlines the growing difficulty of mining, but also establishes a new reference for price support. When production costs increase, the incitement for minors for sale below this level is weakening, potentially creating a strong soil. While the technical and fundamental signals align, the case for a break is growing and the market looks closely.
Bitcoin has a key structure as mining costs and converges prices
Bitcoin is negotiated above the main levels of demand, signaling a strong interest in the bulls while the asset is just consolidated under its record level. Despite the climbing of more than 40% of its April in April and seated at less than 5% of its previous summit, the BTC has not yet made a decisive movement. This phase has left divided analysts – some anticipate an escape in price discovery, while others warn of a trace lower than the psychological level of $ 100,000.
The structure of the market remains intact, but volatility and indecision maintain the action of prices capped in a defined range. According to Darkfost, a fundamental change takes place behind the scenes: for the first time in the history of the mining of Bitcoin, the average cost of production exceeded $ 100,000. This historic step reflects an increase in difficulties and energy costs, tightening the margins of minors even if the BTC is negotiated above the six-digit brand.
Instead of triggering the mass sale, this pressure leads to the capitulation of minors through a different route – the hash rate is declining, which suggests that non -profitable machines are closed rather than minors who pour out bitcoin. This supports short -term price stability and can prevent the type of sales pressure led by minors who historically reported local summits. The coming weeks could determine whether the market breaks or falls into a deeper consolidation.
BTC Coils under resistance as a rupture of the eyes
Bitcoin is consolidated just below the resistance level of $ 109,300, continuing to maintain the support of $ 103,600 in a tight side range. The 3 -day graph shows a clear compression between these key levels, BTC currently negotiating around $ 107,000. This structure linked to the beach signals the indecision – the bulls defended the area of $ 103,000 several times, while the repeated rejection around $ 109,000 has kept a remote escape.
In particular, the price remains well above the averages of 50, 100 and 200 simple, strengthening the upward structure despite the immediate lack of momentum. These moving averages – now aligned between $ 72,000 and $ 95,000 – show increasing support, which suggests that the wider trend is still healthy and upwards.
The volume, however, remains suffocated during this phase, indicating that a break – above or downward – could be imminent once the peaks of commercial activity. A fence greater than $ 109,300 would probably trigger a fresh step towards peaks of all time around $ 112,000 and would open the door to discover prices. On the other hand, ventilation of less than $ 103,600 could lead to a test of the next major medium nearly $ 100,000.
Dall-e star image, tradingview graphic
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