#BTCOvertakesAmazon Bitcoin is still holding strong above the $119K support, keeping its bullish daily structure intact and setting its sights on $135K. After breaking through key resistance levels, the path to new highs is clear but the upper boundary of its trading channel could act as a ceiling.
If BTC reaches that zone and faces rejection, price could rotate back into a wide range between $100K support and the channel top. The $119K level is now the crucial anchor for the uptrend losing it could invite a deeper pullback.
In the short term, momentum favors more upside toward $135K. A strong breakout beyond that could spark rapid price discovery, while a rejection would likely keep BTC consolidating within its current channel