Bitcoin has officially broken through the $100,000 psychological barrier and is holding steady around $103,897. The price action shows strong bullish momentum, backed by clean technical structure and solid fundamentals.
🧠 Key Observations:
Breakout Zone: Price exploded out of the high-volume accumulation zone between $85,000–$90,000, flipping it into a clear demand zone (highlighted in blue).
Bullish Structure: After breaking the range, BTC formed a higher low and continued with a steep impulsive leg up, as illustrated by the ascending arrow.
Current Price Action: BTC is consolidating just below $105,000, showing signs of absorption before a potential next leg up.
🔍 Market Context:
📈 April saw a strong +14% move, pushing BTC into new yearly highs.
🧭 Both the 50-day and 200-day moving averages are trending upward.
💡 RSI remains neutral — indicating there’s still room for upside without being overbought.
🔐 Key Levels to Watch:
Support: $99,000 - $95,000 → Previous resistance, now a key demand zone.
Resistance: $105,000 - $108,000 → Clean breakout above this could open the path toward $110,000+.
🏁 Outlook:
With global sentiment warming and technicals supporting continuation, BTC is poised for further upside — as long as it holds above the $95K area. A break above $108K could quickly accelerate the rally toward $115K and beyond.
Consistency | Discipline | Perseverance
📊 Follow for more institutional-level insights and clean technical breakdowns.
🧠 Key Observations:
Breakout Zone: Price exploded out of the high-volume accumulation zone between $85,000–$90,000, flipping it into a clear demand zone (highlighted in blue).
Bullish Structure: After breaking the range, BTC formed a higher low and continued with a steep impulsive leg up, as illustrated by the ascending arrow.
Current Price Action: BTC is consolidating just below $105,000, showing signs of absorption before a potential next leg up.
🔍 Market Context:
📈 April saw a strong +14% move, pushing BTC into new yearly highs.
🧭 Both the 50-day and 200-day moving averages are trending upward.
💡 RSI remains neutral — indicating there’s still room for upside without being overbought.
🔐 Key Levels to Watch:
Support: $99,000 - $95,000 → Previous resistance, now a key demand zone.
Resistance: $105,000 - $108,000 → Clean breakout above this could open the path toward $110,000+.
🏁 Outlook:
With global sentiment warming and technicals supporting continuation, BTC is poised for further upside — as long as it holds above the $95K area. A break above $108K could quickly accelerate the rally toward $115K and beyond.
Consistency | Discipline | Perseverance
📊 Follow for more institutional-level insights and clean technical breakdowns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.