BTC’s Path to a New ATH: Key Obstacles You Need to Watch (Bitcoin Price Analysis)

Key Points

1. Bitcoin has shown strong support around the $112K level, aligning with the 0.618 Fibonacci retracement and the lower boundary of a bullish flag pattern.

2. A sustained breakout from the current consolidation phase could lead to a renewed bullish rally, provided Bitcoin remains above the $112K support.

3. Recent futures order flow data indicates a rise in small-sized trades within the $112K–$118K range, which historically precedes bullish breakouts.

4. The $116K region is a key resistance level, coinciding with a previously broken ascending channel boundary, and a retest of this zone could determine future price direction.

5. High retail involvement and low institutional activity in the current range often signal a 'cooling-off' period before another upward move.