Bitcoin tries to cross the critical barrier of $ 106,000, in order to rally and establish a new absolute record (ATH).
Despite the recent volatility, the bruising dynamic of the BTC remains strong and the cryptocurrency seems to repeat the historical models observed during the previous market cycles.
Bitcoin is not in danger
The Mayer Multiple indicator shows that Bitcoin is neither over -going nor occurred, currently positioned at a neutral level. This indicates that the current upward dynamics could continue, which would allow the price to continue to increase without undergoing immediate correction. Such a neutrality of the feeling of the market is a promising sign for Bitcoin enthusiasts.
The neutral position of the indicator suggests stability, buyers and sellers now balance. This balance, associated with the bullish tendency of Bitcoin, indicates that cryptocurrency could take sufficient momentum to cross key resistance levels and potentially target a new short-term ATH.
The domination of bitcoin in the cryptocurrency market follows a 4 -year trend, which gives an overview of its dynamic macro. After reaching a hollow of 54 % in December 2024, the domination of Bitcoin exceeded 57 % in January 2025. This trend reflects the 2020 cycle, where domination reached a minimum of 60 % in November 2020 and climbed to 69 % in January 2021.
The resurgence of the domination of Bitcoin highlights the strengthening of its position as market leader. Similar to cycle 2020, this trend indicates a potential increase in the price of bitcoin. Indeed, increased domination generally corresponds to an upward phase of cryptocurrency.
BTC price prediction: find a break
Bitcoin price is currently $ 104,647, which has not managed to transform the resistance of $ 106,193 into support. Crossing this level is crucial so that Bitcoin can progress beyond $ 108,400 and display a new ATH, thus consolidating its ascending momentum.
The current ATH amounts to $ 108,341, and the formation of a double -bottomed model by Bitcoin suggests that a 11 % rally could follow a break. If this happens, the price of Bitcoin could target $ 113,428. This would strengthen its upward trajectory and mark an important step for the king of the crypto.
However, not exceeding $ 106,193 could cause consolidation over $ 102,235. The loss of this level of support could trigger a new drop to $ 100,000, with a potential drop to $ 95,668. This scenario would question Bitcoin’s upward perspectives, stressing the importance of maintaining key support levels.
Non-liability clause
In accordance with Trust Project guidelines, this price analysis article is only for information purposes and should not be considered as financial or investment advice. Beincryptto undertakes to provide precise and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making a financial decision. Please note that our general conditions, our privacy policy and our non-responsibility clauses have been updated.
