Bitcoin breaks historical highs, upward momentum remains strong
Bitcoin has recently continued to refresh its historical high points, with the rebound trend at the 2-day line level still ongoing, and there is still room for further upward movement in the short term. The current trend shows a multi-level interlinked technical structure: under the rebound framework of the 2-day line, the 12-hour level remains strong, while the 6-hour and smaller cycles, such as the 30-minute and 5-minute levels, show signs of temporary insufficient momentum.
Although the hourly level may face technical adjustments, the daily trend remains robust, and it is expected that short-term corrections will unfold in the form of high-level fluctuations rather than deep declines. This consolidation pattern will provide opportunities for lagging altcoins to catch up, and the market rotation effect is likely to continue.
Key price level reminders
Upper resistance ranges: 120000, 131610, 150000
Lower support ranges: 111600, 107200, 105565, 101000, 97283
The current market structure shows that after digesting short-term overbought pressure, Bitcoin still has the potential to aim for higher targets in the medium term. Investors need to pay attention to the strength of hourly level adjustments; if the support holds firm, a new round of upward movement may follow.
