Bitcoin (BTC) is positioning itself for a potential surge beyond $112,000 as multiple technical indicators align with strong support levels. The leading cryptocurrency is currently testing critical resistance at $110,000, with analysts suggesting this could be just the beginning of a larger price discovery phase.
Bitcoin’s Second Price Discovery Phase Begins
After reaching a new all-time high of $111,814, Bitcoin has entered what analysts are calling its second price discovery phase of 2025. This movement follows significant accumulation by long-term holders who continue to buy during price dips.
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Critical Support Levels to Watch
According to analyst Rekt Capital, Bitcoin needs to maintain support above $104,500 to continue its upward trajectory. The cryptocurrency has shown remarkable strength, having already transformed several key resistance levels into support:
- Primary support: $104,500
- Secondary support: $102,500
- Current resistance: $110,000
Price Discovery Potential and Correction Scenarios
While the outlook remains bullish, traders should prepare for potential volatility. Historical patterns suggest a 25-35% correction could occur during this phase, which would align with previous market cycles and technical analysis.
Expert Analysis and Market Sentiment
Multiple analysts have weighed in on Bitcoin’s current position:
- MacroCRG: Expects immediate price discovery above $110,000
- Daan Crypto Trades: Sees strong support despite choppy price action
- Rekt Capital: Projects continued upside with proper support maintenance
FAQ Section
What are the key levels to watch for Bitcoin’s price?
The critical support level is at $104,500, while the main resistance sits at $110,000.
How long could this price discovery phase last?
Based on historical patterns, price discovery phases typically last 3-6 weeks before significant corrections.
What could trigger a potential correction?
Factors include profit-taking at new ATHs, overleveraged positions, and broader market conditions.
As Bitcoin continues testing these crucial levels, investors should maintain proper risk management strategies while monitoring key support zones for potential entry points.