Bitcoin Teeters on the Brink of History—Again

Market structure screams bullish as BTC flirts with record highs. Will this week finally deliver the knockout punch?

Here’s why traders are betting big on a breakout:

- Liquidity pools cluster just above current price—classic springboard setup

- Spot volumes quietly doubling while Wall Street hedgies nap through another crypto rally

- Derivative traders actually showing restraint (for once) with manageable leverage

Of course, some hedge fund manager will inevitably call it ’a speculative bubble’ right before allocating 3% of their portfolio. Welcome to finance.

Key technical points

• 21 EMA Flip: The 21 exponential moving average, which previously acted as resistance, is now confirmed support.
• Bullish Market Structure: Bitcoin has formed consistent higher highs and higher lows.
• Key Support Level: $102,790 is the critical support to maintain current bullish momentum.

Following the previous all-time high, Bitcoin entered a corrective phase, where price action was consistently rejected at the 21 EMA. This moving average defined the bearish structure, acting as dynamic resistance and leading to repeated pullbacks. However, once the swing low was established at $74,448, a significant surge in volume triggered a strong bullish reaction.

This breakout was marked by bullish engulfing candles and a clear flip of the 21 EMA into support, a technical event that signaled the end of the bearish trend. Since then, bitcoin has continued to respect the 21 EMA, bouncing off it to form new higher highs and higher lows, the textbook definition of a bullish market structure.

The shift in momentum has also been supported by an uptick in trading volume and positive funding rates across major derivatives exchanges. These metrics reflect growing confidence among market participants, suggesting that institutional and retail investors alike are positioning for further upside as Bitcoin approaches price discovery territory.

The current key level to monitor is $102,790. As long as Bitcoin holds above this support, the upward trend remains intact. The consistency in structure and momentum suggests that a new ATH is not just possible but likely, especially with only 3% separating price from its previous peak.

What to expect in the coming price action

If Bitcoin maintains support at $102,790, a breakout to new all-time highs could occur as early as this week. The strong bullish market structure and momentum-driven rally suggest that buyers are in control, and the stage is set for continued upside.