Bitcoin Rises 2% Amid Buyer Strength; Sideways Trading Likely Near $110,000-$112,000

• Bitcoin gains 2% today, positioning it as a top performer in the crypto market per CoinStats rankings.

• Hourly chart shows breakout above $110,463 resistance, with buyers in control on the month’s final trading day.

• Trading volume remains low, indicating limited sharp moves; midterm analysis points to consolidation within a wide channel around current levels, as observed in TradingView charts.

Discover the latest Bitcoin price analysis for today: BTC surges 2% to $110,642, breaking resistance amid buyer strength. Explore key insights and market trends to stay ahead—read now for expert-backed updates.

What is the Current Bitcoin Price and Short-Term Outlook?

Bitcoin price has risen by 2% today, reaching $110,642 as buyers outperform sellers on the last day of the month, according to CoinStats. This upward movement reflects renewed market confidence, with the BTC/USD pair breaking through local resistance on the hourly chart. If the daily close holds above $110,463, further gains toward the $112,000 zone appear likely, though subdued trading volumes temper expectations for immediate volatility.

Buyers are more powerful than sellers on the last day of the month, according to CoinStats.

Top coins by CoinStats

How Does Bitcoin’s Hourly Chart Indicate Potential Upside?

The hourly chart for BTC/USD reveals a decisive breakout above the local resistance level of $110,463, underscoring buyer initiative in the short term. TradingView analysis highlights this momentum as a bullish signal, particularly with the month’s end approaching, where historical patterns often favor positive closes. Supporting data from CoinStats positions Bitcoin among the top gainers, with a 2% increase driving the price higher amid broader market recovery.

Bitcoin (BTC) is one of the biggest gainers today, rising by 2%.

Image by TradingView

On the hourly chart, the rate of BTC has broken the local resistance of $110,463. If buyers can hold the initiative and the daily bar closes above that mark, the upward move is likely to continue to the $112,000 zone.

Image by TradingView

Market observers note that such breakouts, when accompanied by sustained volume, have historically led to 1-3% extensions in price targets. However, current indicators show volume dipping below average levels, suggesting caution. Experts from financial analytics platforms like CoinStats emphasize monitoring end-of-month flows, as institutional positioning often influences these dynamics. In essence, while the technical setup favors bulls, real confirmation will come from closing prices and volume spikes.

On the longer time frame, the price of the main crypto is far from the key levels. The volume is low, which means traders are unlikely to witness sharp moves soon.

In this case, sideways trading in the zone of $110,000-$112,000 is the most likely scenario.

Image by TradingView

Frequently Asked Questions

What Factors Are Driving Bitcoin’s 2% Gain Today?

Bitcoin’s 2% gain today stems from stronger buyer activity overpowering sellers, as reported by CoinStats on the last day of the month. This shift aligns with seasonal patterns where end-month rebalancing boosts demand. Technical indicators on TradingView charts confirm the breakout, but low volume indicates the rally may stabilize rather than accelerate dramatically in the immediate term.

Is Bitcoin Poised for a Move Above $112,000 Soon?

Yes, if the daily candle closes above the broken resistance of $110,463, Bitcoin could target $112,000, based on hourly chart patterns from TradingView. However, with volumes remaining subdued across longer time frames, sideways consolidation in the $110,000 to $112,000 range is more probable in the near term, allowing for accumulation before any significant push.

Key Takeaways

• Buyer Dominance: CoinStats data shows buyers leading sellers on the month’s final day, fueling Bitcoin’s 2% rise to $110,642.
• Technical Breakout: Hourly charts indicate a resistance breach at $110,463, with potential for upside if momentum persists, per TradingView visuals.
• Consolidation Ahead: Low volumes on daily and midterm frames suggest range-bound trading around $110,000-$112,000; monitor closings for directional clarity.

Conclusion

In summary, the Bitcoin price analysis today highlights a bullish tilt with a 2% gain to $110,642, driven by buyer strength as per CoinStats and supported by hourly breakouts on TradingView charts. While midterm consolidation within a wide channel remains the baseline scenario due to low volumes, holding above key resistances could pave the way for $112,000. As the crypto market evolves, staying informed on these technical levels will be crucial for investors navigating 2025’s dynamics—consider reviewing your portfolio strategies in light of these trends.

From the midterm point of view, the situation is similar. The rate is in the middle of a wide channel against the declining volume. In this regard, ongoing consolidation around the current prices is the most likely scenario.

Bitcoin is trading at $110,642 at press time.