Bitcoin retests and holds support at $104,400
Breakout confirmation ends the downtrend
Bullish momentum returns to the crypto market
Bitcoin has finally delivered the confirmation that traders and investors were waiting for. After weeks of uncertainty and sideways movement, the flagship cryptocurrency has broken out of its downtrend, retested the $104,400 level, and held firm—clearly signaling a shift in momentum.
The price action over the past few days shows that Bitcoin’s breakout was not just a temporary spike. The retest around the key $104,400 support level has been successful, turning previous resistance into a strong support base. This is a classic technical pattern indicating that the market has entered a new phase.
What This Means for Bitcoin and the Market
A confirmed breakout at this stage is more than just a price move—it’s a sentiment shift. Crypto investors who were cautious during the recent downtrend may now feel more confident entering the market again.
Bitcoin’s resilience at $104,400 shows that bulls are back in control. It also sets the tone for the rest of the crypto market, as altcoins typically follow Bitcoin’s lead. With the downtrend officially over, many traders will be looking for long opportunities and potential upside targets in the coming weeks.
#BTC
The post-breakout retest into ~$104400 was successful
Breakout fully confirmed
The Bitcoin downtrend is over$BTC #Crypto #Bitcoin https://t.co/Bo8F2IDqSi pic.twitter.com/vvoDXlw7CI
— Rekt Capital (@rektcapital) July 9, 2025
Looking Ahead: What to Watch Next
While the breakout is confirmed, Bitcoin still faces resistance levels that could influence its short-term direction. Analysts will be watching how the price reacts near the $110,000 and $115,000 levels.
Volume and on-chain data will also play a role in confirming this bullish trend’s strength. As always, traders are advised to monitor global macroeconomic factors, including interest rates and regulatory news, which can impact crypto sentiment.
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