Fractal Analysis Flags Fresh Bitcoin Highs Above $110K

Bitcoin topped $105,000 in U.S. trading, completing what chartists describe as a textbook double-bottom on the one-hour chart. The formation matches a corridor that preceded March’s surge to record levels. Range support between $102,500 and $103,500 absorbed sell-side pressure, sweeping liquidity and clearing an overhang of weak longs. Technical Targets Eye $110,000 This Week Fractal mapping shows the current band of $106,300 to $100,600 echoing an earlier zone of $97,900 to $92,700. If the analogy holds, analysts say a decisive break of $107,000 could propel prices above $110,000 within days. Should momentum accelerate, secondary objectives sit between $120,000 and $130,000. Accumulation Trend Strengthens Across Cohorts Glassnode’s Accumulation Trend Score reveals intensified buying by addresses ranging from under 1 BTC to 10,000 BTC. Only the 1–10 BTC bracket continues to distribute, suggesting broader conviction among retail and institutional players alike. Historically, synchronised accumulation of this sort has preceded prolonged advances. Divergence Signals Keep Traders Cautious Not all indicators flash green. Chartist Bluntz pointed to a daily bearish divergence that could cap gains if strength wanes. Analyst Matthew Hyland warned, “BTC is now on the clock and probably needs to make a move to $120k–$130k in the coming weeks to make a higher high on the RSI and avoid any weekly bearish divergence from being confirmed.” Critical Levels and Risk Scenarios Failure to hold $103,500 on a closing basis would negate the bullish fractal and open a slide toward $102,000. Conversely, a clean candle above $107,000 is expected to attract momentum traders and option desks seeking topside exposure. Broader Context Macroeconomic conditions remain supportive, with falling U.S. real yields and sustained ETF inflows. While near-term volatility is inevitable, most on-chain data favour continuation of the primary uptrend.

Source: CryptoIntelligence