FenzoFx—Bitcoin formed equal highs after sweeping liquidity above $117,046.00 on Friday. Technically, Bitcoin remains bullish due to Friday’s price displacement.
Immediate resistance lies at $113,677.00. If bulls close and stabilize above this level, the uptrend may resume, targeting the equal highs at $117,046.00. A further rise could fill half of the bearish fair value gap toward $119,700.00.
Currently, no bearish setup is expected unless BTC reaches the premium price zone of $119,700.00 and above.
Immediate resistance lies at $113,677.00. If bulls close and stabilize above this level, the uptrend may resume, targeting the equal highs at $117,046.00. A further rise could fill half of the bearish fair value gap toward $119,700.00.
Currently, no bearish setup is expected unless BTC reaches the premium price zone of $119,700.00 and above.
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