The crypto market has displayed increased price volatility over the past 96 hours. Following this, the Bitcoin price regained momentum and breached the $100,000 mark for the first time since February 2025. Moreover, on-chain data are heading toward a new high, indicating an increase in the bullish action.
Adding to this, multiple factors indicate a potential BTC price run this week, raising speculations of a potential all-time high (ATH) this week. Are you one of many who are wondering the same? In this write-up, we will discuss the technical and market sentiment around Bitcoin.
Bitcoin Miner’s Profit Jumps to Over $10 Million
Ali Martinez, a well-known technical crypto analyst with a substantial followers of over 137,000 on X (formally Twitter), has recently highlighted the increasing profits of miners from Bitcoin mining. As per the data of CryptoQuant, the realized profits of early miners has increased to $10.372 million as the price of Bitcoin approaches the $103,000 mark.
This highlights an increase in the bullish sentiment for the largest cryptocurrency token in the market. Following this, the million-dollar question arises “What’s next for Bitcoin this week?” Let us now understand the weekly Bitcoin price prediction.
BTC Price Fails To Breach Its Resistance of $105,000
With a drop of 1.35% in 24 hours, the Bitcoin price is back below the $103,000 mark. Notably, the largest crypto token has recorded a 24-hour trading volume of $56.846 billion. This has resulted in it achieving a market capitalization of $2.045 trillion and a dominance of 61.74%.
The Moving Average Convergence Divergence (MACD) records a constant green histogram in the Bitcoin price chart. Moreover, the 12-day and 26-day EMA continues displaying a significant rise. By evaluating the present sentiments, the value of BTC may continue rising this week.
On the other hand, the Simple Moving Average (SMA) witnesses a sharp rise and constantly supports the price action in the daily time frame. This highlights an increase in the buying-over-selling pressure for the crypto token in the market.
Will Bitcoin Price Rise Again This Week?
If the bulls regain momentum, the Bitcoin price could retest its important resistance of $105,000 soon. If the bullish sentiment intensifies at that point, this could result in it heading toward its ATH of over $109,000 this month.
However, if the bears overpower the market, the BTC crypto price could retest its milestone price of $100K. Suppose, the market fails to hold its value at that point, in that case, it could plunge toward its lower support level of $98,000 this week.
Also Read: Trump Advisor’s Bitcoin Firm Merger Sends KindlyMD Stock Up 600%
