Bitcoin trades inside a triangle as price bounces from trendline support near $103K with bullish signs.
A confirmed breakout above $106K may trigger an upside move toward $110K if volume follows through.
Failure to break $106K could send BTC back to $103K support where structure remains vulnerable to reversal.
Bitcoin’s weekend price action has remained flat, showing a bounce from ascending trendline support on the 4-hour chart. The current move follows interaction with the June pivot zone, keeping the market range-bound near $105,000. A confirmed breakout above $106,000 may trigger another push toward the $110,000 resistance level.
Source: X
The short-term structure is developing within a symmetrical triangle pattern. Price has shown consistent higher lows while facing repeated rejections at the horizontal resistance. The compression of price action within this triangle is building tension that could soon lead to a breakout.
As momentum shifts, one question stands out for traders: Will Bitcoin reclaim $106K and spark a new rally toward $110K?
4-Hour Chart Reveals Tightening Price Formation
On the 4-hour timeframe, Bitcoin continues to trade within converging trendlines, forming a symmetrical triangle pattern. The support trendline has held firm, with the latest bounce aligning with a key June pivot level. This zone has acted as a launch point for prior short-term rallies.
The recent price rejection near the upper resistance has capped attempts to break above $106,000. Despite this, Bitcoin has maintained its pattern of higher lows, signaling continued buyer interest at lower levels. Traders often interpret this setup as a precursor to strong directional moves.
Volume remains subdued during the consolidation, suggesting that market participants are awaiting a clear breakout signal. Historically, triangle patterns resolve with sharp momentum once either boundary is breached. A move beyond $106,000 could see buyers return in force.
Breakout Above $106K Could Target $110K
A confirmed breakout above $106,000 would shift short-term sentiment toward bullish territory. This level has been tested several times, making it a key trigger for further upside. If flipped to support, the next logical target stands at $110,000.
Previous attempts to reclaim $106,000 have lacked volume confirmation, resulting in rejection. However, this current setup differs due to its repeated testing of trendline support. Buyers may now be positioned to absorb selling and force a breakout on the next approach.
Such a move could also invalidate the current range and bring stronger inflows from breakout traders. The $110,000 level is a psychologically significant barrier and may attract short-term profit-taking. Still, a clean move above $106K would place buyers in control of the 4-hour structure.
Failure at $106K May Trigger Retest Below $103K
If Bitcoin fails to confirm a breakout above $106K, the focus may shift back to the support trendline near $103,000. This zone has already produced multiple recoveries and remains a critical level to monitor in case of downside pressure.
A breakdown below the ascending support would mark a shift in short-term structure and invalidate the bullish triangle. Traders would likely reassess risk levels, especially if the price begins closing below the $102,000 mark. Historically, failed triangle support often leads to rapid moves as stops get triggered.
At present, Bitcoin’s position within the triangle keeps both scenarios open. Market participants will likely remain cautious until price either reclaims $106,000 or breaks below the trendline support.
