‎Bitcoin Pauses at $107,500 as Bulls Eye Breakout Toward $123,300

‎BTCUSD Market Analysis – June 26

‎Bitcoin experiences a brief consolidation at the $107,500 level as bulls prepare for a potential breakout toward the $123,300 resistance zone.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $89,500.00, $73,300.00
‎Resistance Levels: $107,500.00, $123,300.00‎

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin has maintained a strong bullish trend since August 2024, steadily climbing to its current price range. A key support was reaffirmed in April 2025 when price action bounced off the ascending trend line, forming a significant higher low that reinforced the bullish trajectory.
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‎Following that rebound, BTCUSD continued upward, targeting higher resistance zones. However, momentum stalled at the $107,500 supply level, where the price failed to push through, leading to a temporary pullback. This pullback has formed a descending trend line, indicating a short-term bearish correction within the broader uptrend.
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‎Despite this pause, bullish sentiment remains intact. The daily Relative Strength Index (RSI) continues to reflect increasing strength, and the daily Moving Average confirms a bullish structure with price action trading above it. These indicators suggest that the current decline may be temporary, serving as a corrective phase before a potential continuation toward the $123,300 resistance level.

‎BTCUSD Medium-Term Trend: Bearish

‎On the 4-hour chart, Bitcoin shows clearer signs of short-term weakness. The RSI has declined after rejecting from the overbought zone, aligning with the current price correction. This reinforces the presence of near-term bearish momentum as price respects a local bearish trend line.
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‎At the moment, BTCUSD is expected to form another bearish leg, testing lower support levels. However, traders should remain cautious. The higher timeframes remain bullish, and any bullish breakout above the current descending trend line could signal a resumption of the broader upward move. A confirmed breakout would likely revive momentum toward the $123,300 resistance.

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