Moon or Doom: Where Does Bitcoin Go Next, $115K or $95K?

Bitcoin again produces waves in the financial world. Since Friday, Price of Bitcoins (BTC) It remains around the brand $ 107,000, strengthens the trust of investors and increases the hope of further increase towards its monthly and historical maximum.

The Crypto fear and index of greed It is currently 65 years old, which means that sentiment on the BTC market is currently under “greed” and traders eagerly buy.

Countlessa prediction market developed in UnscrambleThe parent company Dastan, which allows trading in events on events, provides a view of the current sentiment of investors. The market called ‘Bitcoin’s next hit: a month at $ 115,000 or immerse at $ 95,000?“Started on June 18th and since then he saw the chances of another Bitcoin move.

Countless merchants were remarkably bulls Bitcoin From June 22, when the mood has dramatically shifted from 30% to 61.2%, it expects Bitcoin to reach $ 115,000 before dropping to $ 95,000. The market closes 31 December or when bitcoins hit either a $ 115,000 or $ 95,000 mark, depending on what comes first.

Adding another layer to the analysis, Altcoin Season Index He currently reads 18 out of 100, firmly in the “Bitcoin Season” territory. When the index drops below 25, it confirms the dominance of bitcoins above the wider crypto market. This means that the money of investors crypto is currently flowing to bitcoins rather than on other coins, referred to as “altcoins”.

This bull tilt gains further credibility in considering that 57.7% of countless predictors expect the dominance of BTC hit 70% Rather than falling to 58% – a clear vote on trust in the leadership of bitcoins. “Bitcoin dominance” is another measure where traders build their crypto betting: bitcoins or other coins such as Ethereum, Solana and thousands of others.

Bitcoin to $ 115,000 or $ 95,000? Channel battle

For those who follow the charts, the answer to Bitcoin may take another step on July 19. This date is a critical technical inflective point where two contradictory forces are collided: a short -term bear channel, which has been limited by prices from 22 May since May 22, has been a long -term bull channel supporting the assembly since the beginning of April.

Magical number? $ 106,500 by mid -July – if markets remain normal and no unforeseen event changes things dramatically.

If bitcoins trade over this level until July 14, signals that the markets have decided to cancel bear correction, break the last resistance (dotted red line in the above graph) and restore the bull trend towards the new highest boost (fixed blue line). The journey to $ 115,000 would then be clear.

Conversely, if the prices sit below $ 106,000 on this date, it suggests that the bear channel remains intact. In this scenario, $ 95,000 is becoming a more likely goal because the market continues its correction phase within a larger bull structure.

This means that if you had to bet today, Bitcoins of $ 115,000 seem to be a little more likely to be theoretically, but with important timing. Here’s the reason:

First, it is easier for BTC to increase by 8% than 11% in 21 days in 49 days (holding the date of July 19, unlike the end of the year, like Myriad, has its market structure). The markets of cryptocurrencies tend to be volatile and it is not unusual to see that such movements occur in hours. However, All things are the sameLess volatile changes in a longer period of time occur more often because they are more natural and less sudden.

Bitcoins traders also maintain their current price at a major level of support despite consolidation. Bitcoin is now in the formation of the “Golden Cross”, which means that the average price of BTC over the last 50 weeks is greater than the average price in the last 200 weeks. And the expanding gap between two diameters confirms the medium -term bull structure.

But you won’t lose an overview of the 19th July convergence for $ 106,500. If the BTC remains above this level, which seems to be over $ 107,000 due to the current price, a bull scenario is activated.

Price of Bitcoins: Technical Analysis

Shorter time frame graphs usually show more noise than longer time frame graphs. However, these graphs usually reflect changes in trends, so it is important to check them even when considering long -term positions. In the case of Bitcoin, the above chart represents a nuances technical image that requires careful interpretation, showing that prices are currently correcting inside a wider and established bull trend.

The average directional index, or ADX, reads 15, significantly below the threshold of 25, which confirms the power of the trend. This low reading suggests that bitcoins lack a strong directional day momentum – the current price event represents a more drift than a decisive step. For ADX movements below 20, it usually signals a market where patience is required before other trends appear.

Relative force index or RSI at 55 bitcoins in a neutral country. RSI measures the speed and size of price changes in order to identify over -seized or surchanted conditions. Reads above 70 indicate the overheated market mature for correction, while below 30 indicates the conditions that often precede bounce off. Reading bitcoins shows a balanced momentum -i exhausted bulls or dominant bears did not take control.

However, a decline in the preceding weeks of previous weeks is a sign that markets are trying to push more prices than before.

Looking at the exponential moving averages, EMAS, 50 -day EMA sits above 200 days EMA and maintains a bull configuration. This alignment, where the averages of the shorter period remain over the longer -term, traditionally maintained the pressure up. The expanding abyss between these averages confirms that, despite recent consolidation, the medium -term trend is definitely bull.

The momentum indicator shows the state of “ON”, suggesting that volatility is currently being compressed. This tool identifies a market condition that often precedes explosive movements. After this compression sets out, traders should prepare for a significant price movement.

In other words, daily traders may have more reasons to consider shortening bitcoins than swing traders.