Why can't Bitcoin price break $112K all-time highs? BTC analysts explain

8 hours ago

Key takeaways:

Bitcoin terms taps $110,000, but debased spot buying request suggests the upside could beryllium limited.
High retail FOMO and a near-overbought RSI awesome a imaginable BTC terms correction.

Bitcoin (BTC) terms has formed a bid of little highs and little lows successful the 1-hour clip framework since reaching a three-week precocious of $110,300 connected July 2.

As the extremity of the week approaches, BTC terms has failed to interruption supra the all-time precocious astatine $112,000.

What’s keeping Bitcoin terms beneath $112,000?

Bitcoin’s terms has rallied 5% implicit the past 48 hours, reaching an intraday precocious of $110,392 connected July 3, per information from Cointelegraph Markets Pro and TradingView.

Despite this performance, the quality to propulsion supra the all-time highs astatine $112,000 is presently constricted owed to the lack of buyers.

Bitcoin’s spot measurement delta metric, an indicator that measures the nett quality betwixt buying and selling commercialized volumes, reveals that nett spot buying connected exchanges remains antagonistic adjacent arsenic BTC terms attempts to interruption out.

This suggests a deficiency of momentum, perchance starring to a pullback oregon consolidation if derivative-driven pumps predominate without spot marketplace support.

“BTC is breaking out, but where’s the spot demand?” says marketplace information assets Swissblock Technologies successful its latest station connected X, adding:

“Without existent demand, breakouts tally connected fumes. We request buyers to prolong the terms breakout.”

Looking ahead, K33 Research points out that spot volumes thin to beryllium acold little from June done October compared to the remainder of the year, with July historically being 1 of the quietest months, accounting for lone 6.1% of the yearly volume. This could halt BTC’s effort to hit caller grounds highs implicit the adjacent fewer weeks.

K33 Research wrote:

“Although July 2025 brings imaginable catalysts, including Trump’s fund bill, tariff decisions, and a crypto enforcement bid deadline, seasonal patterns suggest markets whitethorn proceed drifting successful low-volume and low-volatility doldrums contempt the engaged quality backdrop.”

As Cointelegraph reported, Bitcoin terms needs caller request from spot buyers to interruption retired of the existent scope into terms discovery.

BTC terms could spot a “brief rally halt”

Bitcoin’s surge to $110,000 has sparked aggravated FOMO, with retail traders fueling calls for adjacent higher prices, according to onchain information supplier Santiment.

“Crypto assemblage has officially flipped from FUD to FOMO pursuing Bitcoin’s emergence to $109.8K,” the steadfast said successful a July 3 station connected X.

However, crypto marketplace sentiment, presently in “greed" territory astatine 73, often signals a contrarian move.

Historically, erstwhile retail traders grounds excessive optimism, markets thin to reverse oregon intermission arsenic pro investors capitalize connected overbought conditions.

If accompanied by precocious trading volumes and speculative bets, this greed-driven sentiment tin inflate prices temporarily, resulting successful a pullback.

Bitcoin’s comparative spot index, oregon RSI, displays adjacent overbought conditions successful 4 retired of six timeframes. This suggests that the terms is entering the exhaustion zone, hinting astatine a imaginable correction successful the shorter term.

While Bitcoin attempts to interruption $110,000, the existent euphoria suggests a little halt oregon consolidation is apt arsenic the marketplace “resets” retail exuberance, perchance stabilizing earlier resuming the uptrend.

Santiment wrote:

“Prices determination other to retail traders’ behavior, truthful don’t beryllium amazed by a little rally halt portion greed is high.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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