Bitcoin Nears Critical Resistance Level, Bulls Eye Breakout

The notion that Bitcoin remains in a consolidation phase below its all-time high, with ongoing attempts to surpass the $109,000–$112,000 resistance zone, underpins a cautiously optimistic outlook. Despite external geopolitical and macroeconomic challenges, Bitcoin’s resilience in maintaining levels above $100,000 signals underlying strength. The pattern of multiple failed breakouts suggests a consolidative stance, yet the persistent upward momentum hints at a potential decisive move. As altcoins have suffered significant declines, Bitcoin’s dominance is reaffirmed, further emphasizing its key role in the crypto space. The technical setup is bullish but demands confirmation through a proper breakout, preferably with sustained weekly or multiple daily closes above the resistance, to validate the continuation of the bullish trend.