Chart Overview

Current Price: ~$110,674

24h High/Low: $111,866 / $106,085

Recent Trend: Strong upward move breaking above $101,000 resistance

Volume: Elevated volume, confirming recent bullish move

Trendlines & Patterns

Uptrend Support Line (from bottom ~48,888 to current)

A clear ascending trendline can be drawn connecting higher lows from August 2024 (~$48,888) through December 2024 and April 2025, supporting a long-term bullish trend.

Resistance/Breakout

Price recently broke above key horizontal resistance at ~$101,000 — a strong bullish sign.

Current local high: $111,866, which is now acting as short-term resistance.

Bullish Continuation Pattern

The pattern resembles a cup and handle breakout, where the handle was the consolidation between ~$87,000 to ~$101,000.

Breakout from the “handle” occurred with high volume, reinforcing the bullish breakout.

Indicators (Based on visible chart data)

Volume: Spike in volume on breakout = bullish confirmation

MA(5) vs MA(10): While values seem off (possibly an error), visually, short-term momentum is strongly upward

MACD / RSI (Not visible): Recommend checking RSI for overbought conditions

Buy or Sell Recommendation ?

If You’re Not In Yet (Looking to Buy):

Wait for a pullback to ~$101,000-$104,000 zone (previous resistance = new support)

Set stop loss below $101,000 to protect downside

Target 1: $115,000 (next psychological resistance)

Target 2: $125,000–$130,000 (extension zone if momentum continues)

If You’re Already Holding (Long Position):

Hold position with trailing stop to lock in profits

Consider partial profit-taking near $115,000

Watch for bearish reversal patterns or volume drops If You’re Thinking of Selling (Shorting):Not recommended right now — momentum is bullish.

Only short if price fails to hold $101,000 support on a pullback with high sell volume

Conclusion

BTC is in a strong uptrend, breaking out of a multi-month consolidation with high volume. While the current level is extended short-term, buying on a dip to former resistance-turned-support offers a better risk-reward opportunity.