Bitcoin stays strong in bull market support bands – analysts warn to be cautious for more than 900 days

After a week of volatility and uncertainty, Bitcoin’s intensity is above the $105,000 level, which briefly lowers the price to $100,000. Now up 6% from last week’s low, BTC appears ready to try again through the critical $110,000-$112,000 resistance zone, a level that has limited uptrend momentum over the past month. With the bullish structure intact and gradually regaining emotions, traders are paying close attention to signs of breakthroughs.

Top analyst Daan recently shared a technology update that highlights Bitcoin’s strength since retracting its bull-market support band. According to Daan, BTC has “no look back” since its retraction and the higher time-frame trend remains very clean. In fact, this is one of the easiest bitcoin cycles, with corrections not exceeding 30% throughout the rally.

This structural consistency reflects growing confidence among long-term holders, who continue to support prices even in the midst of macroeconomic uncertainty. As Bitcoin consolidates resistance below resistance, a decisive breakthrough over $112,000 could trigger the next leg and could push BTC to a new all-time high. For now, the Bulls are firmly in control and the trend remains positive unless the support level gives way.

Bitcoin builds momentum as it approaches historical peak

Bitcoin is preparing for possible major expansion phases as it is closer to its all-time high in recycling. Currently, BTC rebounds sharply from late May echoes, currently only 4% above its $112,000 peak and is now consolidating above key support levels. Bitcoin has shown new strength after April lows soared by 50% and the market appears to be making decisive moves that could set the tone for the coming months.

Despite the recent volatility and macro uncertainty boosts confidence, Bitcoin’s structure remains a lot of resilience. According to Daan, BTC hasn’t looked back since it surpassed its bull market to support the band, a trend-defined area that has historically been the launch pad during a large bull market. This recycling is a crucial signal, and the higher time range trends have been kept clean and orderly so far.

It is worth noting that Daan stressed that this is one of the easiest Bitcoin cycles for long-term field investors. In the entire uptrend, no corrections were made at once, which is a rare stability in historically volatile assets. As the uptrend extends for more than 900 days, Daan points out it’s time to stay alert. The trend to expand often breeds complacency, and while the setting is still optimistic, the market is becoming more cautious.

Stay key above the Bull Market Support Band. If that level continues, Bitcoin may prepare for the breakthrough to push the price toward the price discovery again. However, if support is lost, the risk of trend shifting increases. Currently, BTC remains strong and the next step can define the next phase of the cycle.

BTC explodes with strong momentum

Bitcoin traded at $107,490 on the 4-hour chart, up 1.76% the day after the merger sharp breakout. After supporting $103,600 and forming a significantly rising triangle pattern, BTC first improved all major moving averages, including 34 ema (105,354), 50 SMA ($105,026), 100 SMA ($106,247) ($106,247) and 200 SMA (2005,255 $105,255) to a strong Bullish Beach Moves Moves Moves.

The breakthrough confirmed short-term strength and set the stage for testing the $109,300 resistance level, with prices limiting price action several times since late May. The 4-hour close 4 hours above the area will open the door for a 24/7 retest of $112,000.

Recent structures show that lows around key moving averages and strong accumulations suggest new buyer interest. Importantly, the move is supported by an increased number, which increases groundbreaking beliefs and reduces the chances of falsehood.

If BTC holds more than $106,000, the trend is conducive to continuation. However, any $109,300 rejection can send the price back to the support area of ​​105,000-$106,000. For the momentum, the Bulls, everyone’s eyes are focused on whether BTC can recover $109,300 to confirm the trend continues.

Featured images from DALL-E, charts from TradingView

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