Bitcoin is trading confidently above $100,000, following a local high of nearly $104,300. After months of choppy behavior and uncertainty, the Bulls are now in tight control and rekindled momentum across the wider crypto market. As BTC is retesting its major supply levels that are last seen near and near, its highest ever, optimism is built up that this breakout could be the beginning of a sustained move.
The whole market appears to be awakening, with Altcoins pouring Bitcoin leads and liquidity into risky assets. Traders are looking closely to see if BTC can maintain this strength and convert $100,000 into solid support.
Top analyst Big Ched shared a technical update highlighting the current four-hour chart structure, noting that BTC shows bullish integration. This pattern usually indicates continuity as the price is compressed just below the resistance before attempting a breakout. With no signs of fatigue yet, this setup suggests that Bitcoin may have more room to run, especially if the Bulls can maintain momentum throughout the weekend.
Bitcoin tests key resistance amid bullish momentum
Bitcoin has surged in strength over the past few days, breaking through multiple levels of resistance and recouping its $100,000 mark with confidence. Currently trading nearly $104,000, BTC faces a critical zone of resistance where it can determine whether the rally will follow an all-time high or pause for integration. This level coincides with the upper limit of the previous supply zone and is the focus of both bulls and bears.
Price action remains obviously bullish, but macroeconomic conditions still pose risk. Permanent global uncertainty, concerns about inflation, and harsh financial policies from central banks have allowed risk assets to be weighed in in the short term. If emotions change or an external shock hits the market, Bitcoin could experience pullback despite the powerful structure that has been built recently.
Cheds provides insight into the current setup of Bitcoin, highlighting that the four-hour chart shows a “high and tight” bullish integration, or classic continuity pattern. According to Cheds, this formation reflects strength as BTC integrates at a high level rather than pulling back, suggesting that buyers are maintaining control and absorbing sales pressure.
If Bitcoin can push beyond the $104,000 mark on volume, the next logical target will be a previous all-time high of $109k retest. However, traders need to be careful. Despite bullish technical setups, short-term volatility and external market risks can lead to a sudden reversal.
For now, Bitcoin has retained bullish bias and remains intact in the case of continuous continuity, as long as it continues to consolidate more than $100,000. The next few sessions are important in determining whether BTC has the strength to break out or if it takes more time to build.
Price analysis: Formation of bullish structures
Bitcoin is currently just over $103,000. It’s been tagged at a $104,300 level early in the day and then merged. Price Action has regained a $100,000 level in strength and cleared multiple layers of resistance, making sure the Bulls are in good control. However, the chart shows that BTC is currently testing its main supply zones from $103,000 to 103.6k, the level that it had been acting as a resistance in January and February.
Volume has skyrocketed recently, indicating the strong demand behind this breakout. Still, the latest candles show long upper cores, suggesting short-term sales pressures as BTC faces overhead resistance. If the Bulls can push past 103.6k with sustained volumes, the breakout could continue towards a full $109,000 high.
On the downside, the $10,000 level serves as immediate support. Under that, previously $95,000 and $90,000 zones (previously integrated areas) could provide additional structural support. The daily 200-day Simple Moving Average (SMA) is $91,227 and the 200-day Exponential Moving Average (EMA) is $87,004, which is well below current prices and strengthens a strong bullish trend.
Dall-E special images, TradingView chart
