- BTC is holding strong above $105K, rebounding 6% after a sharp dip to $100K.
- Momentum is building, with bulls targeting the $109K–$112K resistance zone for a potential breakout.
- A clean break above $109,300 could launch Bitcoin into a fresh rally — but caution is advised if resistance holds.
Bitcoin’s been holding up surprisingly well after a bumpy stretch. It dipped down to around $100K last week but bounced back up — now sitting comfy above $105,000. It’s up about 6% since that low, and momentum’s slowly picking up again. The big test now? Cracking through the stubborn $110K–$112K resistance zone that’s been keeping the rally in check for the past month or so.
Top analyst Daan dropped an update saying BTC’s still looking solid since reclaiming its bull market support band — that’s the zone that usually gives price a lift during major bull runs. According to him, this cycle’s been way easier to ride out for spot holders compared to past ones. No massive 30-40% drawdowns, just a steady grind up. It’s given long-term holders plenty of reason to stay confident, even with all the macro noise floating around.
Bulls Building Pressure As New Highs Come Into View
With BTC only 4% off its all-time high near $112K, things could get spicy real soon. Price action has firmed up above key support, and a clean move past that ceiling might kick off a fresh rally. After a 50% run from the April lows, this latest consolidation feels like a breather — not a breakdown.
Daan pointed out how consistent the structure’s been, saying the trend still looks clean on high timeframes. That bull market support reclaim? Big deal. It’s what usually sets the stage for major leg-ups. And get this: we’re nearly 900 days deep into this uptrend — wild, right? But the longer it stretches, the more folks start watching for cracks, just in case.
So far, no cracks. But the message is clear: the setup’s bullish, but don’t fall asleep at the wheel. Momentum looks good, yet caution’s not a bad idea when charts start looking too perfect.
BTC Breakout Gathers Steam on 4-Hour Chart
Zooming into the 4-hour chart, BTC just popped off — now trading around $107,490, up almost 2% on the day. The move came after a textbook breakout from an ascending triangle pattern. It smashed through all the big moving averages (34 EMA, 50 SMA, 100 SMA, 200 SMA) like butter — and the volume backed it up. That’s what bulls like to see.
Next key level? $109,300. Price has been rejected there a few times, so a clean close above that line could clear the path toward $112,000 — the current all-time high. The trend is showing strong accumulation and higher lows, which usually means buyers are stepping in.
Still, if price gets slapped back at resistance, we could see a dip back to the $105K–$106K zone. That’d still be healthy as long as it holds. But if BTC clears $109K with some juice behind it, we might be heading into price discovery territory again.
