4 min readWelcome to today’s Daily Technical Update on Bitcoin.
In yesterday’s report, we highlighted $88,000 as a key resistance level, noting that a confirmed breakout could open the door to a move toward the $92,000–$93,000 region.
Looking at the daily chart today, we can now confirm that the breakout is in play—Bitcoin has pushed decisively above $88K and is currently testing the first major high timeframe resistance zone we marked out earlier this week.
Whether this rally continues or faces a pullback from this area remains to be seen. The next clues may lie on the lower timeframes, so let’s zoom in and take a closer look at what price is doing in the short term.
4H Chart – Watching for Pullback After Impulsive Breakout
On the 4-hour chart, we can see that the key resistance level highlighted in yesterday’s report—described as the final hurdle before a breakout—was indeed the trigger point for the strong impulsive move we’re seeing now.
Levels like this are often crucial for breakout traders, serving as the final confirmation for a shift in market structure.
Bitcoin is now testing the high timeframe resistance zone, and while bullish momentum remains strong, a rejection from this area is still possible. If that occurs, there are two notable support levels to keep on the radar:
- $91,609 – the first initial support level, just beneath current price
- $88,874 – the untested breakout level , which holds greater weight due to its technical confluence and previous role as resistance
While both levels are worth monitoring, the untested breakout zone at $88,874 is arguably more significant, as it may serve as the true structural support if price pulls back.
If the breakout continues to the upside, the next level we’re watching is around $98,290—marked as the next initial high timeframe resistance zone.
That wraps up today’s update. These are the key levels we’re watching right now in the Bitcoin market:
- Resistance: $98,290
- Support levels: $91,609 and the untested breakout zone at $88,874
Thanks for tuning in, and we’ll see you back tomorrow for another update.
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