On the monthly timeframe, Bitcoin is showing signs of a major corrective phase after forming a strong impulsive move toward the recent highs. The rejection from the upper zone indicates weakening bullish momentum, suggesting that the market may not continue upward immediately.
Price is likely to follow a corrective structure, with a potential move toward the 0.618–0.786 Fibonacci retracement zone (≈58K–40K). This area aligns with a strong demand zone, making it a key region for potential accumulation.
If Bitcoin successfully holds this zone, it could trigger a massive bullish continuation, targeting new highs above 120K+ in the long term. However, failure to hold support may lead to a deeper correction before any bullish recovery.
Overall, the higher timeframe bias remains bullish, but a healthy pullback is expected before the next major rally. not financial advice
Price is likely to follow a corrective structure, with a potential move toward the 0.618–0.786 Fibonacci retracement zone (≈58K–40K). This area aligns with a strong demand zone, making it a key region for potential accumulation.
If Bitcoin successfully holds this zone, it could trigger a massive bullish continuation, targeting new highs above 120K+ in the long term. However, failure to hold support may lead to a deeper correction before any bullish recovery.
Overall, the higher timeframe bias remains bullish, but a healthy pullback is expected before the next major rally. not financial advice
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.