Bitcoin Holds Steady at $107K as Market Builds Momentum
Bitcoin is showing signs of strength again, with the price holding at $107,375, up 0.3% in the past 24 hours. Most major altcoins — including XRP, BNB, Solana, Dogecoin, SUI, and Cardano — are also trading in the green, with gains between 1% and 4%.
But all eyes are on Bitcoin’s next move, as several top analysts suggest the bull cycle is far from over.
$110K Key Level: Analyst Predicts Breakout to New All-Time High
Crypto analyst Michaël van de Poppe believes Bitcoin could hit a new all-time high as early as this week, driven by a strong technical setup. According to his analysis, BTC recently swept liquidity above $108K, retraced slightly, and is now consolidating just below a critical resistance level.
“The $110.5K level is the breakout trigger,” van de Poppe notes.
If Bitcoin clears this, the next leg higher could be explosive, similar to the recent breakout above $106.5K.
Support Zones and Buy-the-Dip Opportunities
While bullish momentum builds, analysts also highlight potential dip-buying zones:
- $105.5K–$104K: First layer of support
- $98.5K–$100K: Stronger support if the market experiences a shakeout
A pullback into these areas could spark renewed buying interest, setting the stage for a powerful rebound.
Analysts Still Bullish: $112K to $165K In Sight
Despite a brief slowdown in price momentum, analysts maintain that Bitcoin’s uptrend remains intact. The MVRV ratio — a metric comparing market value to realized value — is currently at 2.2, well below historic tops. This suggests room for further upside.
Combined with $4 billion in spot ETF inflows over the last 12 days, investor sentiment remains strong.
“Bitcoin’s stability amid macro uncertainty is a sign of institutional accumulation,” says one expert.
Final Weekly Resistance at $108K
The $108K–$110K zone remains the final barrier before Bitcoin can retest and break its previous all-time high. Analyst Rekt Capital calls this the “last major resistance zone on the weekly chart.” If bulls manage to flip this range into support, the path to $112K, $125K, or even $165K could open up.
Conclusion: Bitcoin Eyes Breakout As Bulls Regain Control
Bitcoin is once again testing key resistance, and analysts are united in calling for a potential breakout. As long as $104K holds as support, and ETF inflows remain strong, Bitcoin could be preparing for a historic rally.
Will Bitcoin hit a new all-time high this week? All signs point to rising momentum — and the market is watching closely.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.