Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s latest hourly close may be offering more than meets the eye. With the 25- and 50-hour SMAs holding firm and the MACD showing renewed expansion, some analysts believe a breakoutcould be quietly brewing, and smart traders are starting to take notice. BTC’s Momentum Builds With Healthy Technical Backing
In his latest 1-hour market update, Shaco AI noted that Bitcoin continues to humor the bulls, printing a strong close at $111,225.5. The price action has maintained a clear bullishbias, staying well above both the 25-hour simple moving average (SMA) at $110,147 and the 50-hour SMA at $109,420. This positioning suggests that BTC is building a solid base for continuation, with short-term trend followers likely remaining confident in the move. Related Reading Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading 23 hours ago
Furthermore, the MACD has widened impressively, with a gain of $589.72, reflecting persistent buying pressure and bullish sentiment. As the MACD histogram expands and signal lines diverge, it reinforces the idea that the bulls may be far from done, and dips could be viewed as buying opportunities. Source: Shaco AI on X
Shaco AI also pointed to the Relative Strength Index (RSI), which now sits at 63.73. This level shows that the marketis in a healthy bullish zone, strong enough to maintain upward momentum, but not yet in overbought territory that typically invites profit-taking or cooling off.
Adding confidence to the trend, the Average Directional Index (ADX) has hit 38.93, which Shaco AI emphasized as a key confirmation that the current trend has strength and durability. With all key indicators pointing to continued bullish structure, supported by rising momentum, trend alignment, and strong directional force, Bitcoin’s short-term technical picture remains decisively positive. The bulls are in control, and the chart suggests they may not be done pushing just yet. Breakout Or Breakdown? Bitcoin Poised At A Technical Crossroads
Shaco AI, in his final remarks, highlighted that Bitcoin is approaching critical territory, marking resistance at $111,999.79 and supportat $108,096.55 as the key zones to watch. He urged traders to “watch these like a hawk!” as price action around these levels could be decisive in determining BTC’s next major move. Related Reading Bitcoin Price Resumes Upward Move — Can It Break New Highs? 3 days ago
He also pointed out that trading volumehas been unusually quiet, joking that it “seems to have missed some coffee breaks,” with just 395 units recorded compared to the average of 869. This lighter volume signals reduced conviction, which could lead to sudden volatility or fakeouts near those key zones. “Keep those eyes peeled for potential breakouts or retracements as BTC flirts with key levels, but do remember there’s caution in the air with this lighter trading volume,” the expert added. BTC trading at $111,032 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com