Bitcoin 4-Hour Chart: Bullish Momentum Flashes, Breakout Brewing?

Bitcoin is showing signs of renewed strength on the 4-hour chart, with bullish momentum building . The price of Bitcoin is climbing steadily, supported by higher lows and improving volume . As BTC pushes against resistance levels, technical indicators are turning upward, reinforcing the bullish outlook . According to Gemxbt, support is holding around $104,000, and resistance is forming near $110,000, creating a tight but favorable trading range . Momentum indicators are flashing bullish signals . The Relative Strength Index (RSI) is around 60, while the Moving Average Convergence Divergence (MACD) has confirmed a bullish crossover . Gemxbt points out that an entry around $106,000, with a stop-loss placed at $104,000, looks promising . The analyst also revealed that Bitcoin's 4-hour chart is shaping up with a consolidation pattern within an upward trend, forming higher lows and higher highs, a classic sign of bullish structure building strength . Currently, key support is around $104,000, providing a solid base for the ongoing trend, while resistance near $110,000 acts as the next hurdle for a breakout . The Relative Strength Index (RSI) remains neutral, suggesting that there is still room for movement in either direction . The MACD is showing bullish momentum, reinforcing the case for a continuation to the upside . Crypto analyst Elias ₿Lake also mentioned that the Bitcoin daily chart is currently testing resistance, with positive momentum building across the broader Bitcoin landscape . As such, Elias believes the resistance zone won't last much longer . Additionally, funding rates are negative, indicating that the market is in short supply, especially when paired with liquidation maps that show a clear bullish momentum . According to technical analysis, Bitcoin is currently trending bullish with the 50 day moving average currently sloping up and below the current Bitcoin price, which could act as a support the next time it interacts with it . Bitcoin's 200 day moving average is sloping up and has been doing so since 5/28/2025 which means the trend is strong . However, despite the bullish technical setup, macroeconomic conditions still pose risks . Persistent global uncertainty, concerns about inflation, and tight monetary policies from central banks could pressure risk assets in the short term . If sentiment shifts or external shocks hit the market, Bitcoin may experience a pullback despite the strong structure it's built recently . Meanwhile, investor Dan Tapiero predicts Bitcoin could hit $180,000, highlighting a cup and handle pattern . A breakout above the $115,000 resistance is crucial for upward momentum .