BITCOIN just made a decisive move out of the descending channel showing strength and momentum – but is it sustainable? After breaking past previous structure highs we’re now in a correction phase that could define the next major move...📌 Technical Overview
The downtrend channel has been broken
Price formed a range post-breakout before being rejected at the 110K psychological barrier.
A clear CHOCH (Change of Character) occurred confirming short-term bearish pressure.
Now testing a demand zone around 104K–103K.
🧩 What Could Happen Next
If buyers step in at this level we may see a bullish continuation toward 108K and 110K.
A failure to hold the 103K support could invalidate the bullish structure and send BTC back toward 102.8K or lower A retest of 106.8K is likely – watch closely for breakout or rejection here...
Resistance: levels 106,870 108,410 110,400
Support: levels 104,160 102,820
Summary Bitcoin is no longer confined to the downtrend — but that doesn’t guarantee a smooth ride up This is a key test either bulls step in to hold the higher low or bears regain control Let the chart speak.
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Best Regards TrendLinford!
Trade active
Trade closed: target reached
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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.