Bitcoin Breaks Out — Major Momentum Shift

BTC/USDT has officially broken out of the descending channel it was consolidating in for over a month. The breakout was strong, clearing the horizontal resistance at $111,862, flipping it into support.

Chart Structure:
Descending channel broken to the upside
Horizontal resistance is flipped to support
Volume confirmed breakout momentum

Key Levels:
Support: $111,862 → Newly flipped support
Resistance Zones Ahead:
$116,818
$122,342

Upside Targets:
Immediate: $116,818
Extended: $122,342

Caution: Avoid FOMO. Wait for a retest near $111,800–$112,200 to confirm breakout strength.

Bias: Bullish
Timeframe: 4H
Wait for confirmation before fresh entries.

DYOR | Not financial advice
#BTC #Bitcoin