Chart Context
- Current Price: $110,920
- All-Time High Breakout Confirmed
- Previous ATH Zone: ~$110,150
- RSI: 74.76 (overbought)
- Key MAs:
- 50-day MA: $91,449
- 200-day MA: $83,984
Bitcoin has exploded through its previous all-time high. The price is now above the psychological and technical resistance at $110,150. The breakout confirms the continuation of the uptrend after a 32% pullback, which lasted four months.
Technical Analysis
ATH Breakout Confirmed
- BTC has decisively broken through the prior all-time high (~$110,150).
- The breakout occurred on strong momentum and clean technical structure—no divergence, no exhaustion yet.
RSI at 74.76 – Overbought, but Not Diverging
- RSI is nearing extreme levels but remains in bullish alignment with no bearish divergence.
- Historically, BTC has shown capacity to stay elevated in RSI >70 zones during explosive runs.
Support Zones
- New Support: Prior ATH at ~$110,150 should now act as first line of defense.
- Major Support Levels:
- $102,770 (Pivot R1)
- $91,449 (50-day MA)
- $88,705 (March breakout base)
Next Price Targets (R2/R3)
- R2: $124,915
- R3: In open blue skies – psychological resistance levels at $130,000+ next
Bullish Outlook
If price sustains above $110,000, the bullish trend is intact and breakout continuation becomes the base case. Historical BTC behavior post-breakout supports aggressive extension runs.
Short-term upside potential:
- $114,000
- $124,915 (Pivot R2 / breakout projection)
Bearish Risk Scenarios
- False breakout risk if BTC closes back below $110,000 with momentum fading.
- RSI above 70 warns of a cooldown, particularly if a rejection candle forms.
- Immediate downside:
- $110,150 (first test as support)
- $102,770 (pivot / confluence level)
- $91,500–$88,700 (trend support zone)
Timeframes
| Timeframe | Bias | Notes |
|---|---|---|
| Short-Term | Bullish | Momentum-driven rally confirmed |
| Medium-Term | Strongly Bullish | Clean breakout from accumulation base |
| Long-Term | Ultra Bullish | ATH breakout resets cycle structure |
Final Thoughts
Bitcoin has firmly re-entered price discovery mode. With overhead resistance now cleared, all technical eyes shift toward measured extension targets and momentum.
While some short-term overbought signals are present, the structure supports buy-the-dip behavior, not aggressive fading—unless a failed breakout develops.
If BTC holds above $110K for another 2–3 sessions, $124K–$130K becomes increasingly probable in the coming weeks.
