Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin is wrapping up the week with strength, trading above the $105,000 mark after a sharp rally that pushed prices to a new all-time high near $112,000. The move reignited bullish momentum across the market, with traders and analysts now turning their focus to what could be the next phase of this cycle.
Despite the aggressive push higher, on-chain data suggests the market remains healthy. Top analyst Darkfost highlighted that net realized profits are still within normal levels for a bull run. According to his analysis, profit-taking is not a sign of weakness—it’s a necessary part of market structure during uptrends. “This is what keeps investors engaged and prevents parabolic exhaustion,” he noted.
The recent price action points to a potential shift in market dynamics, as Bitcoin breaks out of its post-halving consolidation phase. With weekly support forming above $105K and realized profit metrics staying in check, bulls are eyeing higher levels. If this momentum holds, the $112K rejection may only be a short-term hurdle. As always, volatility remains in play—but this week’s close sends a strong signal: the bull market structure is still intact.
Bitcoin Has Room To Grow As It Prepares For Historic Weekly Close
Bitcoin is on track to record its highest weekly close in history, signaling growing strength as it prepares for what many believe could be the next major bullish phase. After surging to a new all-time high near $112,000 earlier this week, BTC is now stabilizing above the $105,000 level—positioning itself above key short-term support going into next week.
Still, while price action paints a bullish picture, macroeconomic conditions continue to pose risks. High interest rates, tightening financial conditions, and broader market uncertainty remain major factors. Investors are cautiously optimistic, but volatility could quickly return if global risk sentiment deteriorates.
On-chain data offers a more grounded view of the current cycle. According to Darkfost, CryptoQuant data shows that realized profits currently stand at 104,000 BTC, or around $11 billion. While that number may seem large, it’s still well below the historical danger zone of 350,000 BTC—a level that typically signals euphoric conditions or overheating.
This suggests the market remains in a healthy profit-taking zone. “Profit-taking is not a red flag during a bull market,” Darkfost noted. “It’s necessary. It helps maintain momentum and keeps participants engaged.”
The coming week will be critical. A confirmed weekly close above $105K could solidify this level as new support and set the stage for further upside. But if bulls fail to hold ground, the rally risks losing steam. For now, Bitcoin appears strong, but the market is entering a zone where conviction will be tested.
BTC Holds Key Support After Rejection From New ATH
Bitcoin is currently trading around $107,750 after a volatile week that saw prices hit a new all-time high near $112,000. The daily chart shows BTC pulling back from overbought conditions but holding firmly above the 34-day EMA at $100,886—a level that has consistently acted as dynamic support during this uptrend.
Price remains well above the 50, 100, and 200-day SMAs, confirming a strong bullish structure. The key horizontal support at $103,600—now reclaimed—is another crucial zone. This level previously acted as a resistance ceiling during the March-April range and now serves as a potential launchpad if BTC consolidates above it.
Volume appears to be declining slightly on the pullback, which may suggest this is a healthy retrace rather than a reversal. As long as Bitcoin maintains above the $103,600–$105,000 zone, bulls remain in control. A deeper correction would find initial support around the 34 EMA and then the 100 SMA near $91,000.
For now, the bullish trend remains intact. However, rejection at $112K and slowing momentum call for caution. A weekly close above $105K would confirm strength, while a break below $103K could trigger short-term weakness.
Featured image from Dall-E, chart from TradingView
Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.
Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
