$BTC

Bitcoin’s 1‑Month Technical Insight: Breakout Or Breather Ahead?

Over the past month, Bitcoin (BTC) surged from approximately $74K to a peak above $110K, settling around $105.5K, a rally fueled by institutional inflows and macro tailwinds .

🔼 Bullish Signals:

BTC broke out from a descending triangle, confirmed by the 20‑day EMA crossing above the 50‑day EMA—a classic “golden cross” signaling upward potential .

Strong volume supported breakouts, with BTC staying above both its 50‑ and 200‑day SMAs, reinforcing medium-term bullish bias .

⚠️ Watch-Outs:

The RSI (~63) suggests BTC is nearing overbought territory, hinting at a possible consolidation .

A potential rising‑wedge or flag pattern could signal a short‑term pullback before continuation .

⚙️ Key Levels:

Resistance: $110K–$112K (recent highs)

Support: $105K as immediate floor, then $100K psychological level

✅ Summary: Bitcoin’s technical framework remains bullish, backed by institutional flows and healthy momentum. Still, overbought signals and overhead resistance suggest traders should monitor for possible pullbacks. A clear breakout above $112K could set the stage for the next leg higher; otherwise, consolidation around the $100K–$105K zone may unfold before its next move.