Bitcoin (BTC) has officially confirmed a breakout from its long-standing descending trendline on the daily chart, as shown in recent technical analysis. After weeks of consolidation, BTC not only broke above resistance but has since been holding a steady uptrend, now trading around $104,000.
The breakout was accompanied by strong bullish momentum, forming a new ascending trendline that currently acts as dynamic support. As long as this trendline holds, Bitcoin’s structure remains firmly bullish on higher timeframes.
📈 Technical Highlights:
Descending resistance broken in mid-April
Steady uptrend established with higher highs and higher lows
Key support now sits around $96,000–$98,000
Psychological resistance remains near $110,000
If bulls can maintain this trajectory, the next upside target could be between $112,000–$116,000 in the coming weeks.$BTC
