Bitcoin price aims for new highs but 'divergences' set $110K as resistance . Bitcoin charts show bearish divergences across multiple timeframes, a hint that price rallies above $110,000 could be a trap . Bitcoin is encountering a ceiling as multiple bearish divergences flash across different timeframes . On the 15-minute, one-hour, and four-hour charts, technical analysts have flagged divergence signals, where the price continues to rise while momentum indicators, such as the relative strength index trend lower . This suggests a weakening bullish drive, raising the risk of a near-term pullback . Zooming out to the one-day chart reinforces the cautious outlook . In May, a clear bearish divergence emerged between price and momentum indicators, aligning with Bitcoin's all-time high of $111,800 . Although BTC briefly dipped below $100,000 since then, the divergence remains intact, suggesting that underlying bearish pressure could still exert influence . The immediate target below remains between $107,500 and $106,000 . This bearish bias was reinforced after Friday's US Non-Farm Payroll (NFP) data, which came in hotter than expected . While the labor report initially helped push BTC toward $110,000, bulls failed to maintain that breakout . The rejection at this key psychological level may signal increasing sell pressure . Meanwhile, Bitcoin is currently trading within a tight range of $106,000 to $108,000, signaling a consolidation phase below the critical $110,000 resistance level . This price action is supported by bullish signals from technical indicators such as moving averages and the Moving Average Convergence Divergence (MACD) . These indicators suggest the potential for a breakout, though traders should remain cautious of short-term corrections . The $110,000 resistance level is particularly significant . A successful breach could trigger further upward momentum, while a drop below $106,800 may indicate increased bearish pressure . Bitcoin's profitability remains robust, with approximately 98% of its circulating supply currently in profit . This metric reflects strong bullish sentiment but also raises concerns about potential profit-taking, which could lead to short-term price corrections . The Fear and Greed Index currently indicates cautious optimism, with subdued volatility suggesting a consolidation phase . Bitcoin price predictions of $200,000 by the end of 2025 are becoming increasingly common, as a surge in profitability not only signals growing bullishness but also risk of a correction in the shorter term . According to the consensus rating from registered Binance Users, the BTC price prediction is forecasted to reach $139,833.26 in the next 5 years .
Bitcoin price aims for new highs, but bearish divergences across multiple timeframes suggest a rally above $110K could be a trap. Analysts predict BTC could hit $200,000 by the end of 2025, but sustained demand is key.
