Bitcoin 4H Chart Shows Bullish Consolidation – Classic Continuation?

Bitcoin has surged above $100,000, reaching a local high near $104,300, signaling a strong bullish trend. This breakout has renewed optimism in the broader crypto market after a period of uncertainty. Analysts note a bullish consolidation pattern on the 4-hour chart, suggesting potential for further gains. Bitcoin is currently testing a critical resistance zone around $104,000, which could determine the next move. Macroeconomic conditions still present potential risks that could impact the market. The bullish structure suggests buyers are absorbing sell pressure, with the next target being the previous all-time high around $109,000 if it breaks $104K. Bitcoin is consolidating above $103,000 after encountering resistance between $103K and $103.6K. Volume has increased, indicating strong demand, but short-term selling pressure is also present. Key support levels are identified at $100K, $95K, and $90K, reinforcing the bullish trend despite potential volatility.