Bitcoin is once again attracting attention as it consolidates just below its all-time high, holding strong above $105,000.
Market volatility has done little to shake investor confidence, and growing technical and on-chain signals are fueling speculation that a breakout into price discovery could be imminent.
Analysts point to a critical zone near $109K–$112K, where BTC has repeatedly stalled. Yet this time, underlying strength appears more solid. One key indicator catching attention is the potential “golden cross” between Bitcoin’s MVRV Ratio and its 30-day simple moving average—a pattern that has historically marked the start of powerful upward trends.
Recent geopolitical tensions had dampened broader risk appetite, but with the situation between the US, Israel, and Iran showing signs of stabilization, investor sentiment is returning. Bitcoin has taken advantage of the renewed risk-on mood, bouncing sharply and reclaiming momentum above major short-term support levels.
Technical charts show BTC climbing steadily with higher lows, particularly on the 4-hour timeframe. It remains above key moving averages, reinforcing bullish positioning. But while the setup favors buyers, volume remains muted—hinting that markets await a clear trigger before charging higher.
A break above $109,300 on strong volume could ignite a move into uncharted territory, reigniting the broader crypto rally. On the other hand, failure to clear resistance may extend the consolidation phase.
As the days ahead unfold, all eyes remain on Bitcoin. A decisive move could define the next chapter of the bull cycle—and possibly the entire market’s direction.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/crypto-market-eyes-bitcoin-as-breakout-signals-strengthen/