đ Bitcoinâs 4-Hour Chart Screams Bullish â Is This the Breakout Weâve Been Waiting For?
Bitcoin's 4-hour chart is painting a bullish masterpieceâtraders are buzzing as momentum builds toward a potential breakout. Could this be the spark that ignites the next leg up?
The Setup: After weeks of consolidation, BTC's technicals are flashing green. The 4-hour timeframe shows a textbook accumulation patternâwhales loading up while retail sleeps.
Key Levels to Watch: Keep an eye on that resistance level everyone's glued to. A clean break could send prices screaming toward liquidity pools above. Fail, and we're back to range-bound purgatoryâwhere Wall Street 'experts' will suddenly remember they 'always preferred bonds.'
Why This Matters: When Bitcoin moves on the 4-hour, altcoins often follow like hungry seagulls chasing a fries truck. Just don't be the bagholder left yelling 'fundamentals!' as leverage gets liquidated.
MACD and RSI Point To Bullish Shift
Bitcoin is trending upward after a recent downtrend, with the structure setting up for a continuation move. According to Gemxbt, support is holding around $104,000, and resistance is forming NEAR $108,000, creating a tight but favorable trading range.
Momentum indicators are flashing bullish signals. The Relative Strength Index (RSI) is around 60, while the Moving Average Convergence Divergence (MACD) has confirmed a bullish crossover. Gemxbt points out that an entry around $106,000, with a stop-loss placed at $104,000, looks promising.
The analyst also revealed that Bitcoinâs 4-hour chart is shaping up with a consolidation pattern within an upward trend, forming higher lows and higher highs, a classic sign of bullish structure building strength. Currently, key support is around $104,000, providing a solid base for the ongoing trend, while resistance near $110,000 acts as the next hurdle for a breakout.
The Relative Strength Index (RSI) remains neutral, suggesting that there is still room for movement in either direction. The MACD is showing bullish momentum, reinforcing the case for a continuation to the upside.
Crypto analyst Elias âżLake also mentioned that the Bitcoin daily chart is currently testing resistance, with positive momentum building across the broader Bitcoin landscape. As such, Elias believes the resistance zone wonât last much longer.
Additionally, funding rates are negative, indicating the market is in short supply, especially when paired with liquidation maps that show a clear upside. The setup is ready for a breakout, as Elias eyes the $112,000 as the next price target.
Bitcoin 4-Hour Chart Flashes Bullish Momentum â Breakout Brewing?
Bitcoin has broken above a key trendline on the 1-day chart, confirming a bullish shift after bouncing from a strong demand zone. This breakout marks a technical development, and now, a retest is in progress, often viewed as a prime entry zone before the next leg up.
Analyst GĂŽZ highlighted a target of $125,000, assuming the price continues to hold above the support zone between $107,000 and $103,000. This structure represents a textbook break-out and retest, a pattern that often precedes strong upward continuation if the retest holds.
Global liquidity is on the rise and starting to reflect in Bitcoin price action. The M2 money supply of liquidity just crossed the $112,000 mark on the 3-month chart, and BTC appears to be closely following that curve.
Lastly, Zhao Lusi emphasizes a repeating lead-leg pattern, where liquidity trends first, and BTC follows next. If the trend holds, Zhao believes the next BTC breakout may already be in motion.