Bitcoin Breaks Out? BTC Tests Upper Channel Resistance at $109,649

Bitcoin (BTC) has made a notable move today, trading at $109,649, up $3,909 (+3.70%), as it challenges the upper boundary of a descending channel. This breakout attempt comes after several weeks of consolidation between approximately $100,000 and $110,000, with price action largely respecting the downward-sloping trend lines.

The chart shows BTC pressing against resistance, signaling a possible bullish breakout. If buyers manage to sustain momentum and push past the channel’s upper edge, we could see a renewed uptrend forming. On the flip side, rejection from this level could mean another trip back toward the mid- or lower-range support zones.

Key Levels to Watch:

Resistance: ~$112,000 (upper trendline breakout target)

Support: ~$104,000 and ~$100,000

#TrumpVsMusk #OneBigBeautifulBill #NODEBinanceTGE #bitcoin #BTC $BTC