BITCOIN BOUNCES AT 50 MABitcoin continues to trade within a well-defined range, with price once again reacting cleanly off the 50-day moving average (blue) – a key dynamic support level that has consistently provided footing throughout this uptrend. Today’s candle is printing a modest bounce from that zone after briefly dipping below $105K, suggesting buyers are still defending trend structure despite recent volatility.
On the upside, $112,000 remains the key resistance. Price failed to break through this level twice in the past month, confirming it as a significant supply zone. A daily close above that threshold would mark a breakout and likely fuel momentum toward fresh highs.
Support is building around the $99,500–$100,000 region – a critical horizontal level that aligns with a prior breakout zone and marks the recent higher low. Below that, the next major support rests around $92,800, followed by $88,800, which served as the last major consolidation range before April’s breakout.
Momentum-wise, the rejection at $112K could still evolve into a lower high, but that scenario remains unconfirmed as long as price holds above $100K. The reaction off the 50 MA – the second clean tag in recent weeks – keeps the short-term structure intact. However, the lower volume on this bounce suggests some caution is still warranted.
From a broader trend perspective, Bitcoin is consolidating within a bullish continuation structure. As long as the 50-day MA continues to act as dynamic support and the $100K zone holds, the market retains a constructive bias. A strong daily close above $112K would likely signal the next leg higher – potentially toward $120K and beyond.
For now, this is a healthy range within an uptrend. Bulls want to see strength on the next test of resistance. Bears need a break of $100K to flip the narrative. Until then, this remains a textbook pause within trend – not a reversal.
