Bitcoin’s Status: Above Resistance, Holding Bullish Momentum

Bitcoin hovers around the crucial $110,407 resistance level, signaling a critical turning point in price direction. Although short-term weakness is observed, Bitcoin’s weekly chart pattern displays a layered breakout, reinforcing long-term bullish control. Analysts suggest that as long as BTC stays above the key support zone of $95,000-$100,000, continued upward trend is favored over reversal.