- Bitcoin charts reflect widening volatility with key resistance at $110,654 and smart money shorting between $107K and $109K levels.
- Correlation between Bitcoin and global M2 expansion strengthens, signaling macro-driven momentum with potential for a breakout.
- Bitcoin holds above $100K support as bullish order blocks and Fair Value Gaps indicate institutional activity and upcoming price action.
Bitcoin is showing renewed signs of bullish momentum as it approaches a potential breakout above the $117,500 level. According to Javon Marks, the structure on his post mirrors the setup seen in the previous year’s rally. At press time, Bitcoin trades around $102,326, signaling heightened volatility and shifting sentiment across the market. This phase follows earlier bullish moves that pushed Bitcoin above $70,000 before a period of consolidation set in. Price action shows evolving behavior with swings and stronger resistance at key psychological levels.
Source: Javon Marks
Comparing Market Phases and Trend Structure
During the 2023–2024 cycle, Bitcoin moved steadily within an ascending trend line. Strong bullish momentum drove prices past key resistances with volume support. However, in 2024–2025, the price action has shifted into larger trading ranges. These movements reflect increased institutional involvement and deeper liquidity zones. The trend line is intact, though less steep, while candlestick formations alternate between bullish and bearish signals. The $100,000 zone serves as a vital support base.
Additionally, short-term resistance at $108,900 and $110,654 creates a ceiling that Bitcoin must clear to turn fully bullish. Crypto Patel noted that smart money is shorting between $107,000 and $109,000, signaling cautious optimism. Fair Value Gaps (FVGs) across multiple timeframes add to market imbalances. These zones continue to attract price movements as Bitcoin retests lower support at $102,000 and $100,000.
Source: Crypto Patel
Correlation With Global Monetary Trends
Moreover, the rising correlation between Bitcoin and the global M2 money supply strengthens macroeconomic links. According to analyst ₿rett, while M2 isn’t a predictive tool, it aligns with Bitcoin’s directional moves. M2 has recently broken its range high, continuing its uptrend alongside Bitcoin’s rise from $50,000 to over $100,000. Consequently, both assets exhibit similar momentum during breakout periods.
Source: Brett
Technical indicators point toward consolidation, but underlying buying pressure persists. Volume has decreased slightly, suggesting traders await confirmation. The presence of bullish order blocks near $97,000 indicates strong institutional interest. Hence, Bitcoin remains poised for a significant move once resistance levels are broken.
