BTC Consolidates Above $100K — Bullish Structure Remains Intact

Key Support Holding Firm:
Bitcoin is consolidating above the critical $100,000–$105,000 support zone, a former resistance area from early 2025. Holding this level preserves the broader bullish structure.

Short-Term Noise, Long-Term Strength:
While recent price action shows some lower highs and lows, the long-term uptrend that began in April remains fully intact. This is typical consolidation behavior within a strong bull market.

Wedge Formation Points to Breakout:
A six-month wedge pattern continues to develop, often a precursor to a powerful breakout. If resolved to the upside, the next leg could target the $130,000–$135,000 range.

Outlook Remains Bullish:
As long as Bitcoin holds above $100,000, there’s no technical basis for a bearish scenario. This remains a constructive pause within a dominant uptrend.

#Bitcoin #BTC #CryptoMarket #TechnicalAnalysis #Bullish #SupportAndResistance #WedgeBreakout #LongTermTrend #MarketOutlook #PriceAction