Bitcoin is trading close to its all-time high, signaling a potential new impulsive phase in price discovery and growing momentum.
On-chain insights from CryptoQuant suggest that the Bitcoin market is approaching the 99% profit threshold, indicating high profitability and possible market euphoria.
BTC is showing strength in volatile times, consolidating near $112,000 amid macro uncertainty and geopolitical risks. The market is closely watching for a potential breakout above $112,000.
Bitcoin remains bullish, with key moving averages aligned to the upside on the 4-hour chart. Short-term support is seen near $103,600, while resistance lies at $110,200–$112,000 range.