{"id":53105,"date":"2025-05-26T12:05:07","date_gmt":"2025-05-26T12:05:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analysis-bitcoin-holds-above-109k-with-112k-in-sight\/"},"modified":"2025-05-26T12:05:07","modified_gmt":"2025-05-26T12:05:07","slug":"analysis-bitcoin-holds-above-109k-with-112k-in-sight","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analysis-bitcoin-holds-above-109k-with-112k-in-sight\/","title":{"rendered":"Analysis: Bitcoin Holds Above 109K With 112K in Sight"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Bitcoin price action is showing signs of strength, and one familiar pattern has caught traders\u2019 attention. According to CryptoQuant\u2019s latest <strong><a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6833d1e7f949411af02ad35a-Bitcoin-Technical-Price-Analysis-Is-112K-on-the-Way\">analysis<\/a><\/strong>, Bitcoin has printed a textbook double bottom \u2014 a signal often linked to trend reversals. The setup points to a possible move toward the $112,000 mark, but traders are urged to stay cautious.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> broke above the $109,000 neckline with strong volume.<\/strong><\/em><\/li>\n<li><em><strong>Price is hovering around $109,400 after forming a double bottom.<\/strong><\/em><\/li>\n<li><em><strong>The target based on the pattern sits around $112,000.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>CryptoQuant highlighted that the double bottom pattern formed over several days, with the first low at $106,800 on May 23 and the second dip to $106,600 on May 25. The neckline at $109,000 was breached shortly after, with strong trading volume confirming the breakout. Bitcoin now sits above this level, holding support and signaling growing interest from buyers.<\/p>\n<p>Double bottom formations usually suggest that sellers are losing control. Once buyers step in to defend the second low, the market often shifts direction. CryptoQuant\u2019s analysis notes that, if current momentum continues, a move toward $112,000 is on the table.<\/p>\n<h2>Traders Still Urged to Be Cautious<\/h2>\n<p>Even though the technical setup looks promising, CryptoQuant reminded users that no pattern is guaranteed. A breakout, even one backed by volume, still requires confirmation over time.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cDouble bottoms are where the market says: \u2018We\u2019ve sold enough.\u2019 When buyers defend the second bottom, it sends a message: Now it\u2019s our turn. But remember, not every pattern plays out. Know your risk, make your decision,\u201d<\/em> the analysis stated.<\/p>\n<p>The current price around $109,400 puts Bitcoin in a key decision zone. If the breakout level remains strong as support, bulls may continue pushing higher. If not, the market could fall back into its previous range.<\/p>\n<h2>Keep Risk Management in Mind<\/h2>\n<p>CryptoQuant added a note of caution for those rushing into the pattern. Traders should treat formations like maps \u2014 helpful, but not guarantees. As the analysis says: <em>\u201cPatterns are like maps \u2014 they show you the way, but you\u2019re the one driving. Those who move with patience, discipline, and a plan will be the winners.\u201d<\/em><\/p>\n<p>At time of writing Bitcoin is trading at $109,711 according to CoinMarketCap data.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-price-eyes-112k-after-double-bottom-signal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bitcoin price action is showing signs of strength, and one familiar pattern has caught traders\u2019 attention. According to CryptoQuant\u2019s latest analysis, Bitcoin has printed a textbook double bottom \u2014 a signal often linked to trend reversals. The setup points to a possible move toward the $112,000 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53105"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53105"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41336"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}