The chart highlights three key zones where Bitcoin consolidated before breaking out:
🔹 First breakout from the $81K–$86K zone
🔹 Second breakout above $93K after holding above the 50 EMA
🔹Now, Bitcoin is accumulating again just below a key resistance zone (~$105K–$106K)
This resistance zone has acted as a ceiling before, but the current price action suggests strength. The tight consolidation just below resistance often precedes a breakout — and if it happens here, Bitcoin could explode toward $115K+ in the coming weeks.
Key Technical Points:
🔹50 EMA is acting as dynamic support
🔹Higher low structure remains intact
🔹Each consolidation is followed by a strong upward breakout
Repeating accumulation breakout pattern is visible
Next targets: $111K → $115K → $120K
Invalidation: Breakdown below
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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.