The structure is well consolidated for Bitcoin to have a bullish impulse.
According to Swissblock, there could be a slight fall before going to look for the ATH.
The Bitcoin Vector research firm projects a possible rupture towards new historical maximums for Bitcoin (BTC), but warns of significant risks due to a weak impulse and a low appetite for risk.
This technical structure of the price is consolidated for an upward movement, although The firm indicates that The combination of the aforementioned factors could lead to a failed break or a high volatility scenariorecommending caution to investors.
In this context, Bitcoin Vector affirms that “an attack on the ATH area is imminent,” but highlights market fragility.
For its part, the Swissblock firm Complement this vision By anticipating a slight fall before Bitcoin looks for the historical maximum, in line with high risk signs.
Willy Woo’s risk model, based on on-chain data, indicates that the market is “overheated”, at levels that historically preceded significant peaks or corrections.
“The market is hot, caution is recommended,” he says, underlining the stability of the risk signal, but also the lack of a robust impulse.
The following graph shows two key indicators: the price of Bitcoin (in orange) and the Risk off signal (in red and blue). This last marks high -risk periods (red) and low risk (blue). Currently, the price is close to 108,000 and $ 109,000, but the oscillator indicates a high risk level (marked with 1), similar to past patterns that preceded corrections. The low risk segment (marked with 2) shows recent stability, although fragile.
Despite these warnings, the low -risk regime has sustained the upward trend so far. Both signatures agree that A break towards ATH requires a better momentum and a risk reduction.
Currently, Bitcoin is quoted between 108,000 and 110,000 dollars, with a bearish liquidation zone between 104,000 and 106,000 dollars that could be activated before a decisive upward movement, as can be seen in the following graph.
Bitcoin Vector suggests that ATH attack could come after temporary correction, generating a “bearish trap” before the final rupture.
Last May, as Cryptonoticias reported, Bitcoin reached its historical maximum of $ 111,900. Now, investors observe if the market will confirm The necessary impulse to overcome that brand or if you will face a correction before achieving it.
