On June 26th, with multiple positive signals released, Bitcoin regained the $108,000 mark, market sentiment warmed up, and investors began to anticipate another potential historical high. So, does Bitcoin really have the momentum to break through? Let's look at the views of various analysts:
@CycleStudies: Incremental Upward Movement, Still Requires Caution
In the past 48 hours, Bitcoin has continuously moved slightly upward at its highs and lows. Although the overall trend is upward, the market rhythm is quite "confusing".
"Whenever a strong K-line appears, it easily misleads the market into thinking there will be a volume breakthrough, but the next K-line often turns weak."
He pointed out that this market is more suitable for taking profits in batches according to an established strategy, rather than blindly chasing or using high leverage to bet on a big market move.
🔗 Source: https://followin.io/zh-Hans/feed/18447113
@DaanCrypto: Don't Get Excited Before Breaking Key Resistance
DaanCrypto believes that the current price is again testing the top of a key interval, which is the watershed determining the subsequent major cycle's rise.
"It's recommended to wait until the price truly breaks through and stabilizes before getting excited."
He emphasized that past tests have encountered suppression, and Altcoins have generally pulled back during this period, so cautious observation is a more rational choice.
🔗 Source: https://followin.io/zh-Hans/feed/18446537
@0xTaiBai: Short-term Strong, But Not Suitable for Chasing High
Technically, @0xTaiBai observed that Bitcoin is currently in a strong narrow upward channel at the 1-hour level, with short-term stagnation.
"Currently, shorting is difficult, and chasing long positions lacks cost-effectiveness."
He suggested that bulls can wait for a pullback to $105K-$104K before considering buying the dip, unless they already have bottom long positions, otherwise current prices are not suitable for blindly going long.
🔗 Source: https://followin.io/zh-Hans/feed/18444993
Omkar Godbole (CoinDesk): Technical Pattern Supports Bull Market Continuation
CoinDesk analyst Omkar Godbole pointed out that Bitcoin's current K-line structure presents a typical "bull market flag" formation.
"If successfully breaking through the $109,000 resistance, it will confirm a bull market breakthrough, with prices potentially targeting $146,000."
This is a classic continuation pattern in technical analysis, supporting some traders' expectations of a $140,000 or even higher target.
🔗 Source: https://followin.io/zh-Hans/feed/18448891
@AxelAdlerJr: Long-term Holders Continue Accumulation, Replicating Previous Upward Cycles
On-chain analyst @AxelAdlerJr noted that in the three major historical upward cycles, the continuous rise in long-term holders (LTH) proportion often signals an impending rise:
- Similar accumulation occurred in the $28K and $60K regions, with prices subsequently rising to $60K and $100K;
- Currently in the $100,000 region, the LTH/STH holding ratio is rising again, potentially signaling a strong breakthrough in 4-8 weeks.
"Using a conservative 1.6x target calculation, the next upward cycle's target may point to $160,000."
🔗 Source: https://followin.io/zh-Hans/feed/18447984
Summary
Although Bitcoin has successfully returned above $108,000, from multiple analytical perspectives, the current market is still in a critical boundary area. Chasing the rise requires caution before a true "volume breakthrough". Meanwhile, on-chain data and technical patterns provide support for a medium to long-term bullish outlook.
Key Focus Points:
Whether it can effectively break through and stabilize above $109,000
Whether the trend of long-term holders continuing to accumulate will persist
How overall market liquidity and macro variables will evolve
