Summary Prices recently broke out of the steep ascending trendline that led Bitcoin to its most recent all-time highs. Bitcoin has been on a stellar rise since April 2025 lows, coming from a low of $74,518 to new record highs. There is the potential for a bull flag, which would materialize if we break above the downwards trendline. By Elior Manier Bitcoin hasn't seen any concrete move since last week's all-time highs were hit. Consolidation above all-time highs is typically viewed as a strong signal for potential continuation. It indicates that the market is absorbing higher price levels, with increased trading activity reinforcing acceptance of the new range and paving the way for further upside. Although this acceptance is conditional to prices actually maintaining their newly formed range. Prices recently broke out of the steep ascending trendline that led Bitcoin to its most recent all-time highs, marked at $ 112,030 on Thursday May 22nd. Dive into a two timeframe technical analysis for the leading cryptocurrency. BTC Technical Analysis Bitcoin 4H Chart Bitcoin 4H Chart Bitcoin has been on a stellar rise since April 2025 lows, coming from a low of $74,518 to new record highs. This rise was accompanied by the 4H MA 50 that kept underpinning prices - that same Moving Average just turned from support to resistance. We are still maintaining around the ATH range situated between $106,500 to $112,030. A break below the recent trendline may hint at a correction, though that would have to be accompanied by some selling momentum, which is not present in current price action. Some levels to watch for: Support Levels 106,350 to 107,500 - Immediate Support Zone 102,000 to 104,000 97,000 to 98,500 - Confluence with MA 200 92,000 to 93,500 Resistance Levels 108,600 - Mid-way between MA 20 and 50 110,500 to 112,030 - Key ATH Resistance 115,000 to 117,000 - Fibonacci Extension potential resistance Let's take a further look with the 1H chart. Bitcoin 1H Chart BTC 1H Chart, May 29 2025. Source: TradingView A deeper look into shorter timeframes allows monitoring what moves are building. We can observe that the down move from yesterday established the break below the steep uptrend from April Lows, and that a downwards trendline has been formed as an immediate resistance. There is the potential for a Bull Flag which would materialize if we break above the downwards trendline and this is a possibility as long as we hold the aforementioned i mmediate support zone. Both the MA 50 and 200 are acting as resistance for now therefore prices would also have to break above. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
