Despite recent volatility and market manipulation, Bitcoin has defended key support levels as bullish technical signals emerge. Dr. Profit, a prominent crypto analyst, highlights the Golden Cross indicator and cup-and-handle pattern on charts, suggesting continued multi-month upside potential. While short-term dips have tested around $104K-$104.4K, long-term holders remain resilient. A breakout above $113K-$115K could drive further price increases according to market indicators. Notably, Bitcoin is trading well above its 20D, 50D and 200D moving averages while its weekly MACD shows bullish momentum. Dr. Profit’s short-term target of $120K aligns with these signals. However, James Wynn’s report indicates unusual market activity following a strong resistance at $105,600, leading to volatility and sell pressure before stabilizing. However, long-term holders are showing confidence in Bitcoin’s structural stability. Market experts watch for insights from Fed Chair Powell’s speech tomorrow and the June 11 CPI release for further direction.