Bitcoin Uptrend Still Healthy, But Volume Divergence Raises Questions

Bitcoin continues to maintain a strong bullish structure, with price action steadily grinding higher across multiple timeframes. While bulls remain in control for now, the growing divergence between price and volume could signal slowing momentum and increase the risk of a pullback if buying pressure fails to return. 

A Hold Above Key Support At $74,937

As long as Bitcoin maintains its position above the critical floor of $74,937, the current upward momentum remains intact. Market analyst Kamile Uray notes that the primary obstacle for bulls during this ascent is the $98,000 resistance level. Establishing a daily close above this threshold would clear the path for the asset to test the next major supply zone located between $107,000 and $109,000.

Related Reading: Bitcoin Tests Crucial $80,000 Resistance: One Move Could Change Everything

The $107,000–$109,000 range is expected to serve as a formidable barrier for price action. Should Bitcoin struggle to gain further traction and fail to sustain a breakthrough above $126,199, the market may face a significant rejection. Such a failure at these elevated levels would likely trigger a pullback as traders take profits and momentum stalls. In the event of a retracement, the $68,000–$71,000 region could provide the necessary liquidity to stabilize the price. 

Source: Chart from Kamile Uray on X

However, if the selling pressure intensifies, the $60,000–$62,433 range will become a vital support corridor. A decisive daily close below the psychological $60,000 mark would be a bearish signal, suggesting that the decline is deepening, leading to a significant, long-term market correction.