Bitcoin Just Shattered Resistance — Is a Pullback Coming Next? Bitcoin has exploded past a multi-month resistance zone with authority, confirming a breakout that’s been building for weeks. This move aligns perfectly with the rising trendline, signaling strong bullish structure. But here’s the catch — the Stochastic RSI is flashing overbought levels, a classic sign that momentum could be topping out short-term.
Smart traders are now watching two key scenarios: either we see a healthy pullback into the breakout zone (around $112K) for a textbook retest, or bulls keep control and push price into parabolic territory. If this level holds as new support, it could become the launchpad for the next major leg up.
Breakout traders, backtest your pullback strategies and manage risk — the next move could define the rest of the month.
