Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week 📈
Bitcoin's onchain and technical data indicate a potential surge to new all-time highs above $110,000, driven by fractal patterns. Glassnode data reveals strong accumulation among major holders, while a daily bearish divergence suggests momentum might wane.
Price action patterns in current and previous ranges suggest a chance of BTC hitting new heights. However, a failure to maintain key support levels could invalidate this forecast, leading to potential lows under $102,000.
Notable analysts highlight the importance of continued upward movement to prevent confirming a bearish divergence on the weekly RSI chart. Overall, the outlook for Bitcoin remains cautiously optimistic.
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