Bitcoin Price Analysis: BTC’s Path to New ATH Depends on Holding These Support Levels

Bitcoin continues to trade with renewed strength, supported by a decisive rebound from demand zones and a confirmed market structure ￰0￱ momentum remains bullish, traders should remain mindful of potential pullbacks into key support zones before continuation ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, BTC recently staged a strong rebound from the highlighted order block (demand zone), underscoring that buyers remain firmly in control at this critical ￰2￱ bounce was further validated by a clean breakout above the 100-day moving average, which had previously acted as dynamic ￰3￱ development signals a return of bullish momentum, though a short-term pullback into the broken MA near $112K cannot be ruled ￰4￱ this retest holds, the broader structure would remain supportive of continuation toward the all-time high resistance ￰5￱ 4-Hour Chart On the 4-hour chart, a clear Change of Character (CHOCH) has occurred, confirming a decisive shift from bearish to bullish ￰6￱ breaking above prior swing highs, Bitcoin is now consolidating just beneath the $117K resistance ￰7￱ green decision point zone at $112K remains a key level to monitor.

A retracement into this order block would not undermine the bullish outlook; instead, it could provide a healthy correction before the next leg ￰8￱ above this base keeps the path open toward ATH retests. On-chain Analysis By Shayan The transfer of BTC from miner wallets to exchanges has historically acted as a barometer of supply-side ￰9￱ in miner-to-exchange flows have often coincided with market tops, as increased distribution added selling pressure. Currently, the 30-day moving average of Miner-to-Exchange Flow has declined to its lowest levels in the short ￰10￱ drop suggests that miners are reducing distribution, and possibly accumulating Bitcoin instead.

Interestingly, this trend aligns with Bitcoin’s latest surge above $115K, reinforcing a signal of bullish sentiment from ￰11￱ short, the combination of a technical structure shift and miner accumulation provides a constructive ￰12￱ long as $112K holds, Bitcoin appears well-positioned to sustain momentum and mount another challenge toward its all-time highs.