Bitcoin found support at the trendline and bounced from 108000 to 114000 as price structure remained bullish
The chart shows a strong retest zone marked between 108000 and 114000 acting as a buyer entry area
BTC stayed above the upward channel and continues forming higher lows since the March breakout started
Bitcoin rebounded from a long-term trendline and now holds at $114,043, as bulls defend the structure despite ongoing market caution. The move followed a successful retest of the ascending support line established since March, confirming strong technical positioning. Price dipped below $116,000 but quickly found buyers at the retest zone marked on the chart. Bitcoin remains above the $112,000 zone, trading within the range of $114,043 to $116,000 at the time of writing.
https://twitter.com/CryptoAnup/status/1952549651502272770
This action comes after a brief consolidation period following the June highs near $131,000. Price action has since declined but stayed within an upward channel. The latest candle shows a recovery bounce, suggesting that market participants are watching the trendline closely for confirmation of direction.
Technical Retest Confirms Buyer Interest at Key Structure
The daily chart, shared by Anup Dhungana on X, shows Bitcoin testing and bouncing from the main trendline. This trendline has served as an effective support structure since the March low. It has been respected multiple times, showing its significance in the ongoing market structure.
A green retest zone was drawn between $108,000 and $114,000. This zone acted as a prior resistance in May and was flipped into support during the latest test. The bounce from this level confirms the area is now acting as a demand zone.
The market held this support despite broader concerns over U.S. economic weakness. In a recent post, Anup warned, “BTC is testing the mentioned daily trendline support. A rebound is possible but caution is warranted.” This analysis was later updated as Bitcoin responded positively to the trendline, holding firm above $114,000.
Daily Trend Remains Intact Despite Market Pressure
The current structure shows Bitcoin forming higher lows since early March, suggesting a continuation of the long-term uptrend. The dotted support trendline intersects the current price area, providing additional confirmation of bullish control. This structure remains valid as long as the price does not close below the $108,000 level.
Even with the decline from the $131,000 peak, Bitcoin has not broken the trendline on the daily timeframe. The move appears to be a technical retest rather than a reversal. A confirmed bounce could invite additional momentum and renewed buying interest.
As of now, Bitcoin continues to trade above the retest zone and trendline intersection. This region, clearly marked on the chart, remains a key area to monitor. A breakdown below this zone may change the current bullish bias and prompt traders to adjust positions.
Will This Trendline Bounce Lead to a New BTC High in 2025?
With Bitcoin rebounding from the trendline, a major question emerges—could this move lead to new yearly highs above $131,000?
The chart suggests the retest was successful, and price has held steady since the bounce. Traders and analysts now watch closely to see if follow-through momentum will drive the price upward. A breakout above $120,000 could trigger a test of the $126,000 resistance, followed by $131,000.
However, failure to maintain the $114,000–$116,000 range could trigger further retests toward $108,000 or below. Market reaction in the coming sessions will determine whether Bitcoin continues the uptrend or breaks below the ascending structure.
