Bitcoin is building pressure for a real break

For over a month, BTC has been trading within a range, with well-defined support at the 90k level and resistance around the 110k zone.

Two days ago, the price briefly reached a marginal new all-time high before reversing. However, following this pullback, the price quickly recovered. Over the past five trading days, it’s clear that the price is building momentum, creating pressure for a potential breakout.

If (and when) this breakout occurs, it could lead to a continuation of the upward trend, with a measured target around the 130k level.