- Bitcoin is retesting the Bull Market Support Band near $112K, where bulls are stepping in to defend this trend-defining support zone.
- The Bull Market Support Band comprising the 20-week SMA and 21-week EMA continues to slope upwards, maintaining supportive market momentum.
- A weekly close at $116K–$118K would be confirmation of trend continuation, with the $105K–$106K zone continuing to be the next robust structural support zone.
Bitcoin is once again testing its Bull Market Support Band, a trend-defining indicator that has provided key support throughout this bullish cycle.
Understanding the Bull Market Support Band
Daan Crypto Trades noted that Bitcoin’s weekly chart shows price interacting with the Bull Market Support Band. This technical zone consists of the 20-week SMA and the 21-week EMA, acting as a dynamic area of support.
The band currently stretches between $109,671 and $111,967, with Bitcoin trading at $112,036 as the latest weekly candle develops. Price briefly wicked into the band, signaling another retest in this cycle.
In earlier phases, specifically March and June 2025, Bitcoin tested this zone and rebounded strongly, reinforcing the band’s importance in sustaining upward momentum.
Price Action and Market Structure
According to Daan Crypto Trades, bulls are protecting this area with strong defense. Each interaction with the Bull Market Support Band has been met with aggressive buying, preventing a decisive breakdown.
The present weekly candle shows no close below the band yet, suggesting buyers are stepping in at this level once again. Despite lower highs forming after the $125,000 peak, the band remains upward sloping.
This slope indicates the momentum has not entered bear territory. Bitcoin is also significantly higher than both the 20-week SMA and the 21-week EMA, still upholding a bullish outlook as long as the band holds.
Critical Levels to Monitor
Market participants are closely watching the weekly close. A close below $109,500 would represent the first break beneath the band since late 2024.
If this occurs, the $105,000 to $106,000 zone may serve as the next structural support level. Traders are also monitoring momentum tools such as RSI and MACD for confirmation of any declining trend.
Conversely, a rebound back over $116,000 to $118,000 would confirm bull trend continuation, positioning Bitcoin for renewed power Until then, the Bull Market Support Band remains the line that defines the current cycle’s trajectory.
