After a strong rebound from the $102,000 region last week, the Bitcoin price today is trading around $109,100, consolidating just below the $110,000 barrier. BTC is currently compressing within a symmetrical triangle on the daily chart, while 4H structure remains bullish above the $107,000 short-term support. Derivatives funding has turned slightly positive, suggesting cautious optimism among longs ahead of a potential breakout.
What’s Happening With Bitcoin’s Price?
The daily chart shows BTC continuing to respect a well-formed symmetrical triangle structure. Bulls have defended the $105,000–$106,000 zone multiple times since late June, and the latest bounce carried price back to the upper diagonal resistance around $110,000. This resistance is overlapping with horizontal supply, making it a tough level to crack.
The 4H Supertrend has flipped bullish above $107,270, while candles continue to close above the short-term ascending trendline that began forming from the June low. Until BTC closes above $110,000 or below $107,000, the structure remains in compression, setting t…
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