Bitcoin Holds Strong Above Bull Market Support Band – Analyst Warns Caution After 900+ Days Up

Bitcoin is holding strong above the $105,000 level after a week of volatility and uncertainty that saw the price briefly dip to $100,000. Now up 6% from last week’s low, BTC appears poised to make another attempt at breaking through the key $110,000–$112,000 resistance zone — a level that has capped upside momentum over the past month. With a bullish structure intact and sentiment slowly recovering, traders are watching closely for signs of a breakout.

Top analyst Daan recently shared a technical update highlighting Bitcoin’s strength since reclaiming its bull market support band. According to Daan, BTC “has not looked back” since that reclaim, and the high timeframe trend remains remarkably clean. In fact, this has been one of the easiest Bitcoin cycles to hold long-term spot positions, with no corrections deeper than ~30% throughout the rally.

This structural consistency reflects growing confidence among long-term holders, who continue to support the price even amid macroeconomic uncertainty. As Bitcoin consolidates just below resistance, a decisive breakout above $112,000 could trigger the next leg higher, potentially pushing BTC into new all-time highs. For now, bulls are firmly in control, and the trend remains bullish unless support levels give way.

Bitcoin Builds Momentum As It Approaches All-Time Highs

Bitcoin is preparing for what could be a major expansion phase as it inches closer to reclaiming all-time highs. Currently just 4% below its $112,000 peak, BTC has rebounded sharply from the late-May retracement and is now consolidating above key support levels. After surging 50% from the April lows, Bitcoin is showing renewed strength, and the market appears to be positioning for a decisive move that could set the tone for the months ahead.

While recent volatility and macro uncertainty shook confidence, Bitcoin’s structure has remained remarkably resilient. According to Daan, BTC hasn’t looked back since breaking above its bull market support band — a trend-defining zone that historically acts as a launchpad during major bull cycles. This reclaim was a crucial signal, and so far, the high timeframe trend has remained clean and orderly.

Notably, Daan emphasizes that this has been one of the easiest Bitcoin cycles to hold for long-term spot investors. Throughout the uptrend, there hasn’t been a single correction exceeding ~30%, a rare show of stability in a historically volatile asset. With the uptrend now stretching beyond 900 days, Daan notes that it’s time to stay alert. Extended trends often breed complacency, and while the setup is still bullish, the market is reaching a zone where caution becomes increasingly necessary.

Holding above the bull market support band is key. If that level continues to hold, Bitcoin could be gearing up for a breakout that pushes price into price discovery once again. But if support is lost, the risk of a broader trend shift increases. For now, BTC remains in a strong position, and the next move could define the next phase of the cycle.

BTC Breaks Out Toward Resistance With Strong Momentum

Bitcoin is trading at $107,490 on the 4-hour chart, up 1.76% on the day following a sharp breakout from consolidation. After holding support at $103,600 and forming a clear ascending triangle pattern, BTC surged above all major moving averages — including the 34 EMA ($105,354), 50 SMA ($105,026), 100 SMA ($106,247), and 200 SMA ($105,255) — with strong bullish volume behind the move.

This breakout confirms short-term strength and sets the stage for a test of the $109,300 resistance level, which has capped price action multiple times since late May. A clean 4H close above that zone would open the door for a full retest of the all-time high at $112,000.

The recent structure shows rising lows and strong accumulation around key moving averages, signaling renewed buyer interest. Importantly, the move is backed by increasing volume, which adds conviction to the breakout and reduces the chance of a fakeout.

If BTC holds above $106,000, the trend favors continuation. However, any rejection at $109,300 could send the price back toward the $105,000–$106,000 support zone. For now, momentum is with the bulls, and all eyes are on whether BTC can reclaim $109,300 to confirm trend continuation.

Featured image from Dall-E, chart from TradingView