Bitcoin continues to maintain a strong bullish structure, with price action steadily grinding higher across multiple timeframes. While <\/span>bulls<\/span><\/a> remain in control for now, the growing divergence between price and volume could signal slowing momentum and increase the risk of a pullback if buying pressure fails to return.\u00a0<\/span><\/p>\n As long as Bitcoin maintains its position above the critical floor of $74,937, the current upward momentum remains intact. Market analyst Kamile Uray <\/span>notes<\/span><\/a> that the primary obstacle for bulls during this ascent is the $98,000 resistance level. Establishing a daily close above this threshold would clear the path for the asset to test the next major <\/span>supply<\/span><\/a> zone located between $107,000 and $109,000.<\/span><\/p>\n Related Reading: Bitcoin Tests Crucial $80,000 Resistance: One Move Could Change Everything<\/a><\/p>\n The $107,000\u2013$109,000 range is expected to serve as a formidable barrier for price action. Should Bitcoin struggle to gain further traction and fail to sustain a breakthrough above $126,199, the <\/span>market<\/span><\/a> may face a significant rejection. Such a failure at these elevated levels would likely trigger a pullback as traders take profits and momentum stalls. In the event of a retracement, the $68,000\u2013$71,000 region could provide the necessary liquidity to stabilize the price.\u00a0<\/span><\/p>\n However, if the selling pressure intensifies, the $60,000\u2013$62,433 range will become a vital support corridor. A decisive daily close below the psychological $60,000 mark would be a bearish signal, suggesting that the decline is deepening, leading to a significant, long-term market correction.<\/span><\/p>\n In a recent update, JDK Analysis <\/span>noted<\/span><\/a> that Bitcoin continues to grind higher, but trading volume has been steadily declining during the move. Despite the drop in volume, lower timeframes still indicate a very strong structural uptrend, with no obvious signs of weakness or breakdowns at present. As a result, there is currently no clear short-term setup worth acting on, as buyers continue to maintain control of the market structure.<\/span><\/p>\n Price has also front-ran the next major <\/span>resistance zone<\/span><\/a>, meaning it moved aggressively before properly testing that level. If Bitcoin revisits the area, particularly around the all-time high anchored VWAP (aVWAP), attention will <\/span>shift<\/span><\/a> toward the possibility of an SFP (swing failure pattern) forming at the current highs, which could provide a potential short trigger.<\/span><\/p>\n For bullish <\/span>setup<\/span><\/a>s, the $73,000\u2013$74,000 region remains the next key area of interest for possible long opportunities. Rather than chasing prices higher at current levels, the preference is to wait for a deeper pullback into a cleaner support zone before considering new positions. With market conditions becoming increasingly extended, protecting capital remains the top priority, while profit opportunities come second.<\/span><\/p>\n Featured image from Pixabay, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin continues to maintain a strong bullish structure, with price action steadily grinding higher across multiple timeframes. While bulls remain in control for now, the growing divergence between price and volume could signal slowing momentum and increase the risk of a pullback if buying pressure fails to return.\u00a0 A Hold Above Key Support At $74,937 […]<\/p>\n","protected":false},"author":2,"featured_media":426667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-426665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=426665"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426665\/revisions"}],"predecessor-version":[{"id":426668,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426665\/revisions\/426668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426667"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Hold Above Key Support At $74,937<\/h2>\n
Bitcoin Climbs Higher Despite Declining Volume<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n