Bitcoin (BTC) Breakout Watch: Strong on Crucial Trendline

Bitcoin remains above a four-year trendline as selling pressure eases, whales build and analysts monitor key resistance levels.

Long-term support applies after weekly closing

A chart shared by Ash Crypto shows that Bitcoin remains above an upward trendline that has existed since 2021. This line has already declined the award three times in the last three years. With Bitcoin trading above it, the level acts as support.

The weekly BITCOIN candle closed above the 4-year Trend Key level

BTC sits right on the long-term macro trendline that has been holding the market together for four years.

This level has acted as major resistance three times in the past three years and is now reversing as strong support.

As long as… pic.twitter.com/Y6WuGu57Vk

— Ash Crypto (@AshCrypto) November 24, 2025

Ash Crypto noted that “As long as BTC remains above this trendline, the long-term outlook remains bullish.” This trendline remains a reference point for both bulls and bears.

While the weekly chart shows strength, the daily chart shows resistance. According to on Titan of Crypto, BTC tests the Tenkan-sen level on the Ichimoku chart. The Tenkan-sen has limited price movement during the recent rebound from the $82,000 area.

Titan noted that “a clean cut above is needed to unlock higher levels.” Until that happens, the price may remain within a narrow range. If Bitcoin closes above the Tenkan-sen, it could open up room for a move towards the Kijun-sen and possibly the lower bound of the Ichimoku cloud.

Sales activity slows down

A chart from Swissblock Technologies shows the “Risk off signal” peaked during the recent decline and then fell from above 90 to around 61. This decline indicates that the previously observed heavy selling may be easing. The chart also shows two previous peaks in March and April, followed by a period of low risk.

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The reappearance of low-risk indicators on the same chart indicates that the market may be forming a local bottom. That Martini guy commented,

“Bitcoin selling pressure is easing. BTC is starting to form a bottom as fear begins to subside.”

These changes in risk level often occur at the end of major correction phases.

Whale accumulation and retail exit

Santiment data shows the number of wallets holding at least 100 BTC has increased by 91 since November 11. At the same time, the number of small wallets is declining, indicating that retail investors are retreating. Meanwhile, some older wallets have also moved coins recently, with old holders reducing their holdings.

“Retail capitulation will generally be good for crypto prices in the long run,” Santiment reported.

While this could support the case for a market bottom, it also shows mixed behavior among larger holders as Bitcoin goes through a volatile phase.