Does Bitcoin reach 107 thousand dollars this week as Bulls regains the power near the 95,000 dollar sign?

Bitcoin shows an upward momentum because it breaks the main resistance, as it is likely that the target price is $ 107,000 this week.

Bitcoin The week begins with a bullish note with a rise within the day 0.70 %. With a height inside the day, Bitcoin is making a bullish candle after creating four consecutive daily dawji candles.

With the acquisition of momentum, a short -term interruption in the direction of the BTC price at a possible return this week. Will this recovery increase the price of bitcoin to more than $ 100,000? Let’s discover.

Bitcoin Bullish’s reflection at $ 95,000 breaks the main resistance

In the 4 -hour price scheme, Bitcoin reveals a strong reflection of the $ 95,000 sign. The bullish return is strengthened with the separation of Bitcoin through the local resistance line. Moreover, the upward trend exceeds the Fibonacci level 38.20 %.

Currently, Bitcoin is available at a market price of $ 97,399. With three consecutive ouds and significant decrease expectations, Bitcoin sets a dual -bottom reflection. Moreover, Trendline penetration is a major bitcoin event.

Bitcoin’s recovery operation is gradually gained as the average TSI lines are recovered inside negative lands. Moreover, with TSI lines approaching the zero line in a positive alignment, the index supports the ups in the upward trend.

The opportunity to buy the key

To support the upcoming return opportunities, Ali Martinez highlighted the opportunity to buy in Bitcoin. In his speech X postThe analyst indicated that the Semential TD Index, which was completely timid on the Bitco Daily scheme, is now flashing a purchase sign.

This hints at a potential bottom of BTC prices and increases the chances of reversal.

Mashqat Market: High Saudi speculation

in Mashqat marketThe bullish speculation increased significantly. The open interest for Bitcoin has increased over the past 24 hours by 0.77 % to $ 59.11 billion.

More importantly, the financing rate has witnessed a noticeable increase. From the bottom of 0.003 %, the financing rates are now increased to 0.0081 %. This reflects buyers’ willingness to follow up on long sites in Bitcoin.

In addition, the long Bitcoin ratio has grown to the palaces significantly over the past 24 hours. Currently, the Bitcoin ratio has long been 0.9992, with long centers by 49.98 % and short sites of 50.02 %.

Despite almost equal distribution of long and short situations, positive financing rates and increased open interest indicate that there are generally bullish feelings in the derivative market.

The BTC price goals extend to 107 thousand dollars this week

As the possibility of upward recovery grows, Fibonacci levels indicate major resistance at 61.80 %, corresponding to $ 100,557, slightly higher than 100,000 psychological dollars. If the bullish trend persists, Bitcoin can test the $ 107,000 supply area this week.

On the other hand, support at the level of 23.6 % of Fibonacci, about 94,595 dollars, is expected to carry the price of bitcoin above this level if withdrawal.