After a week-long pullback, 
BTC ricochets off 100 k support, keeping the rising-channel narrative alive. Bitcoin price now squeezes beneath a descending trendline; a daily close over 109 k could unleash a breakout toward the 112-114 k resistance shelf.
BTC ricochets off 100 k support, keeping the rising-channel narrative alive. Bitcoin price now squeezes beneath a descending trendline; a daily close over 109 k could unleash a breakout toward the 112-114 k resistance shelf.Trade active
BTC price is squeezed in a classic “coil-under-resistance”: the rising mid-line of the March channel props every dip, while a descending trend-cap cuts off thrusts above 108 k. A decisive 4-h close > 108 900 would break the squeeze and expose 111 800–112 400 where the upper channel rail and February wick-highs converge. Conversely, any daily body beneath 104 000 unravels the entire late-April advance and re-opens 101 200, the volume-weighted node of May’s impulse leg.
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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.