BREAKING: Bitcoin is ABOVE $108K - New All-Time High Just Days Away?
Bitcoin Price Analysis: Chart Breakout Signals Massive Upside Potential
Bitcoin ($BTC) is showing renewed strength after breaking the critical $108,000 resistance — a level that had previously capped multiple rallies in June. This fresh bullish momentum comes just after a powerful macro tailwind: U.S. President Donald Trump stated in a speech that “Bitcoin takes pressure off the dollar.” The market interpreted this as a green light for crypto’s long-term legitimacy — and traders are reacting accordingly.
BTC Coin Technical Setup: Bullish Breakout Confirmed?
On the 4H chart, BTC has finally pushed out of the descending triangle structure (orange lines), confirming a bullish breakout. The breakout candle is clean and supported by volume, suggesting continuation. The next key level to watch is $109,000 — the horizontal resistance that now stands as the final wall before Bitcoin can test its all-time high of $112,000.
- EMA 200 (blue line): Price is now trading comfortably above the 200 EMA at ~$105,138, reinforcing the shift in trend direction.
- RSI (14): Currently sits at 64.70, approaching the overbought zone — but not yet in reversal territory. This implies room for upside, though a cooldown might occur before the next leg.
- Support Zones: In case of a pullback, strong support lies at $105,000 and then $103,343. If BTC dips into that range, it could offer a high-probability re-entry point.
BTC/USD 4-hours chart - TradingView
Entry and Exit Strategy: What Traders Should Watch
Entry Ideas:
- Break and Retest Strategy: Wait for BTC to retest the breakout zone around $108,000. A successful retest and bounce could offer a strong long entry toward the ATH.
- Aggressive Entry: Enter now with tight stop-loss below $106,500, aiming for the next breakout at $109,000 and then ATH levels.
Targets:
- $109,000 – First major resistance.
- $112,000 – All-Time High.
- $115,000+ – If BTC breaks the ATH, the next psychological magnet is around $115K–$118K.
Stop-Loss Suggestion:
Below $105,000, where the 200 EMA and prior structure support reside. A break below that could invalidate the current bullish thesis.
Trump Bitcoin Statement Sparks Institutional Confidence
Donald Trump’s unexpected endorsement of Bitcoin as a pressure relief valve for the U.S. dollar has given BTC bulls a much-needed catalyst.
Combined with:
- Upcoming $40B BTC options expiry
- Ongoing institutional inflows
- ETF performance tailwinds
…it’s no surprise the market is gaining steam heading into Q3 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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