Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800.<\/p>\n
A possible ascending triangle pattern is forming, which could signal a continuation if confirmed.<\/p>\n
The daily chart shared<\/a> by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a potential ascending triangle \u2014 a common pattern that often leads to upward movement. The asset has made several higher lows, which indicates steady demand.<\/p>\n <\/a>Source: Rekt Capital\/X<\/p>\n According to the analyst,<\/p>\n \u201cA daily close above ~$110.8K followed by a post-breakout retest of the top of the pattern would fully confirm the breakout.\u201d<\/p>\n Support is holding around $107,000. Above the triangle, resistance stands at $114,420, and the previous peak at $123,500. Bitcoin is also hovering<\/a> near the 21-week EMA, which is around $111,000. Reclaiming that level could support further upside.<\/p>\n According to Gandalfcrypto, Bitcoin is trading about 10% above what he describes as the non-bubble fair value of $99,900. They added<\/a>,<\/p>\n \u201cReal euphoria starts when BTC breaks the non-bubble upper (~$149K) and trends toward the bubble zone ($290K+).\u201d<\/p>\n For now, the market remains within range, with no signs of extreme price behavior.<\/p>\n Liquidity data from Ted shows<\/a> that Bitcoin has clusters both above and below the current level. The $104,000\u2013$106,000 area may attract the price if momentum stalls. As CryptoPotato<\/em> recently reported<\/a>, BTC is also trading below the short-term holder realized price of $113,250, while long-term holders have an average cost basis near $36,910.<\/p>\n Meanwhile, Bitcoin\u2019s next move may also be influenced by broader factors. These include<\/a> the US government reopening and upcoming talks between US and Chinese officials on trade tariffs. Until a clear move above or below the current range, traders are staying alert.<\/p>\n The US CPI data is also scheduled to be released today for September. It\u2019s anticipated<\/a> to be higher than the previous month, which could trigger immediate volatility. However, the US Federal Reserve is still likely to cut the interest rates next week, which could boost BTC.<\/p>\n The post Is Bitcoin Ready to Break Out? Key Level to Watch Now<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800. A possible ascending triangle pattern is forming, which could signal a continuation if confirmed. Bitcoin Builds Structure Near Resistance The daily chart shared by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a […]<\/p>\n","protected":false},"author":0,"featured_media":107536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107535"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107535"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107536"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Price Sits Between Key Valuation Levels<\/h2>\n
![<\/a>Source: Rekt Capital\/X<\/p>\nAccording to the analyst,<\/p>\n\u201cA daily close above ~$110.8K followed by a post-breakout retest of the top of the pattern would fully confirm the breakout.\u201d<\/p>\nSupport is holding around $107,000. Above the triangle, resistance stands at $114,420, and the previous peak at $123,500. Bitcoin is also hovering<\/a> near the 21-week EMA, which is around $111,000. Reclaiming that level could support further upside.<\/p>\nPrice Sits Between Key Valuation Levels<\/h2>\nAccording to Gandalfcrypto, Bitcoin is trading about 10% above what he describes as the non-bubble fair value of $99,900. They added<\/a>,<\/p>\n\u201cReal euphoria starts when BTC breaks the non-bubble upper (~$149K) and trends toward the bubble zone ($290K+).\u201d<\/p>\nFor now, the market remains within range, with no signs of extreme price behavior.<\/p>\nLiquidity data from Ted shows<\/a> that Bitcoin has clusters both above and below the current level. The $104,000\u2013$106,000 area may attract the price if momentum stalls. As CryptoPotato<\/em> recently reported<\/a>, BTC is also trading below the short-term holder realized price of $113,250, while long-term holders have an average cost basis near $36,910.<\/p>\nMeanwhile, Bitcoin\u2019s next move may also be influenced by broader factors. These include<\/a> the US government reopening and upcoming talks between US and Chinese officials on trade tariffs. Until a clear move above or below the current range, traders are staying alert.<\/p>\nThe US CPI data is also scheduled to be released today for September. It\u2019s anticipated<\/a> to be higher than the previous month, which could trigger immediate volatility. However, the US Federal Reserve is still likely to cut the interest rates next week, which could boost BTC.<\/p>\nThe post Is Bitcoin Ready to Break Out? Key Level to Watch Now<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin is moving closer to a major resistance zone, with the price building pressure near $110,800. A possible ascending triangle pattern is forming, which could signal a continuation if confirmed. Bitcoin Builds Structure Near Resistance The daily chart shared by Rekt Capital shows a rising trendline with flat resistance around $110,800. This setup suggests a […]<\/p>\n","protected":false},"author":0,"featured_media":107536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107535"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107535"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107536"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/G39pE5DW4AAdhCW.jpeg\"){kind=link}