Market volatility has done little to shake investor confidence, and growing technical and on-chain signals are fueling speculation that a breakout into price discovery could be imminent.

Analysts point to a critical zone near $109K–$112K, where BTC has repeatedly stalled. Yet this time, underlying strength appears more solid. One key indicator catching attention is the potential “golden cross” between Bitcoin’s MVRV Ratio and its 30-day simple moving average—a pattern that has historically marked the start of powerful upward trends.

Recent geopolitical tensions had dampened broader risk appetite, but with the situation between the US, Israel, and Iran showing signs of stabilization, investor sentiment is returning. Bitcoin has taken advantage of the renewed risk-on mood, bouncing sharply and reclaiming momentum above major short-term support levels.

Technical charts show BTC climbing steadily with higher lows, particularly on the 4-hour timeframe. It remains above key moving averages, reinforcing bullish positioning. But while the setup favors buyers, volume remains muted—hinting that markets await a clear trigger before charging higher.

A break above $109,300 on strong volume could ignite a move into uncharted territory, reigniting the broader crypto rally. On the other hand, failure to clear resistance may extend the consolidation phase.

As the days ahead unfold, all eyes remain on Bitcoin. A decisive move could define the next chapter of the bull cycle—and possibly the entire market’s direction.

The post Crypto Market Eyes Bitcoin as Breakout Signals Strengthen appeared first on Coindoo.

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Filed under: Bitcoin - @ June 30, 2025 1:01 am