BTCUSD – Strong Bullish Signals on Daily Chart

BTCUSD – Strong Bullish Signals on Daily Chart

Bitcoin is building strong bullish momentum after holding key support near $100,000 and breaking above the critical resistance zone at $105,000–$106,000. This move confirms renewed buying interest and opens the door for further upside.

The daily MACD is on the verge of a bullish crossover, signaling strengthening upward momentum.

The RSI has climbed above 55, moving out of neutral territory and showing buyer dominance.

Price action is approaching the upper boundary of a rising channel, with resistance near $110,000 to watch closely.

Volume has increased on recent up days, supporting the breakout strength.

Key Levels:

Support: $106,000 and $100,000

Resistance: $110,000 and $112,500

A daily close above $107,500 with volume confirmation would solidify the bullish case and could target a move toward $112,500.

What to expect after breaking $112,500:
Breaking and holding above $112,500 would open the path toward the next major resistance near $118,000–$120,000.

This breakout could trigger a strong rally fueled by momentum traders and institutional buying.

Watch for increased volatility as Bitcoin approaches all-time highs, with potential pullbacks serving as entry opportunities.

Sustained volume above breakout levels will be critical to confirm strength beyond $112,500.

If Bitcoin fails to hold above $112,500, it may retest support near $106,000–$108,000 for consolidation.

Short-term outlook: Expect consolidation between $106,000 and $110,000 before the next leg higher. Keep an eye on volume and momentum indicators for confirmation.