The Bitcoin 4-hour chart shows a strong bullish structure. The breakout candle cuts through the key resistance area into a small amount of $98,000 and $100,000. Now, Bitcoin support is between $96,000 and $98,000, which is the area of previous consolidation and breakout activity.
The current Bitcoin price movement is experiencing a mild consolidation, just within the $104,000 resistance range. A key observation is that the price failed twice to confirm the $103,900-$104,200 area, forming a soft horizontal ceiling. The local support near $102,600 has undergone multiple intraday dips, strengthening the short-term bullish structure, but also hinting at potential Bitcoin price volatility if the bears retest the area.
Due to the comfortable EMA (4-hour chart) of the price, and the rising volume during the breakout, this rise may be extended to $106,000-108,500. The price prediction remains cautiously bullish. If a close above $103,900 is managed on the hourly chart, the next upside target would be near $106,200 and $108,000, in line with the previous daily resistance cluster. However, failure to break the ceiling could trigger support near $102,600 and even the psychological handle of $100,000. A decline below $98,500 would shift the near-term bias to neutral.
BTCUSD 
BTCUSDT.P BTCUSDT BTCUSD BTCUSDT.P BTCUSD
The current Bitcoin price movement is experiencing a mild consolidation, just within the $104,000 resistance range. A key observation is that the price failed twice to confirm the $103,900-$104,200 area, forming a soft horizontal ceiling. The local support near $102,600 has undergone multiple intraday dips, strengthening the short-term bullish structure, but also hinting at potential Bitcoin price volatility if the bears retest the area.
Due to the comfortable EMA (4-hour chart) of the price, and the rising volume during the breakout, this rise may be extended to $106,000-108,500. The price prediction remains cautiously bullish. If a close above $103,900 is managed on the hourly chart, the next upside target would be near $106,200 and $108,000, in line with the previous daily resistance cluster. However, failure to break the ceiling could trigger support near $102,600 and even the psychological handle of $100,000. A decline below $98,500 would shift the near-term bias to neutral.
BTCUSD BTCUSDT.P BTCUSDT BTCUSD BTCUSDT.P BTCUSD 
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.