Bitcoin continues to press higher with quiet confidence. After reclaiming the $106,787 resistance level with a strong daily close last week, BTC has held the breakout and is now consolidating just above it – a textbook bullish retest. The 50-day moving average is rising beneath price, offering additional support as momentum builds. We’re seeing a small cluster of tight candles, hinting that the market is coiling for a potential move.
Volume has pulled back slightly since the breakout, but there’s no sign of aggressive selling. The structure remains clean: higher highs, higher lows, and a clear path toward the next major resistance at $112,000.
For now, it’s a bullish posture with strong technical support below and a stair-step climb in progress. Unless price falls back below $106,787, this looks like a base being built for continuation – not exhaustion.
Volume has pulled back slightly since the breakout, but there’s no sign of aggressive selling. The structure remains clean: higher highs, higher lows, and a clear path toward the next major resistance at $112,000.
For now, it’s a bullish posture with strong technical support below and a stair-step climb in progress. Unless price falls back below $106,787, this looks like a base being built for continuation – not exhaustion.
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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.