Bitcoin 8H – Higher Lows Forming Above Key SupportBitcoin has spent the last two months consolidating within a well-defined horizontal range, anchored by strong support around the $100,000 zone. The current chart highlights a series of higher lows building beneath overhead resistance, signaling growing bullish pressure.
Each pullback has been bought up consistently at or near the same key support level, suggesting institutional accumulation or strong demand in this area. Price has now tested this level three separate times without a breakdown, which strengthens its validity as a major floor in the current structure.
At the same time, the market has shifted from lower highs to higher lows — a common early signal of an impending breakout. The trendline drawn from the May low to the most recent higher low illustrates this dynamic clearly. Price is now compressing within a narrowing range between the support floor and the horizontal ceiling near $110,000.
Technical Highlights:
Ascending trendline supporting price since May
Three successful defenses of the $100K support zone
Horizontal resistance near $110K continues to cap upside
Price is currently coiling within an increasingly tighter range
Consolidation within this structure suggests a breakout is approaching
If BTC can break and hold above the $110,000 resistance with volume, this would likely mark the beginning of the next expansion leg to the upside. However, any loss of the $100K zone would invalidate this ascending structure and expose BTC to deeper pullbacks toward the $95K–$92K range.
🧠 Trade Considerations:
Bias remains bullish while higher lows hold
Breakout above $110K opens room for continuation toward $115K and beyond
Breakdown below $100K support would flip the structure bearish
