After a week of tight-range movement, Bitcoin price is hovering around $108,300 as bulls continue to test the upper supply zone between $108,800 and $110,400. Price action remains capped within a well-defined horizontal resistance, but higher lows and bullish market structure suggest a breakout may be brewing. Traders are closely watching whether Bitcoin price today can sustain upward momentum into mid-week.
What’s Happening With Bitcoin’s Price?
BTC continues to trade inside a compressing range beneath the long-standing resistance band between $109,000 and $110,500. On the daily chart, this zone has repeatedly rejected price since early June. Despite this, buyers have consistently defended the rising trendline from the April lows, while price remains above the 20/50/100 EMAs.
On the 4-hour chart, Bitcoin bounced from the $107,000 demand zone and reclaimed the ascending channel that has held since late June. The move coincides with a bullish order block and trendline confluence, signaling a potential base-building structure for another leg higher.
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