Last week was a red one for Bitcoin, with price declining day after day, and losses accelerating into Thursday and Friday.
However, yesterday’s low around 112K landed perfectly at a strong confluence support: a key horizontal level aligned with the ascending trendline from April.
Despite the drop, the broader structure remains firmly bullish. So far, this move looks like a normal correction within an uptrend — nothing more.
Looking ahead, I expect a reversal from this support. If bulls can reclaim the 117.5K–118K zone, the path toward a new all-time high opens up again.
🔍 Bias: Bullish
🎯 I consider this current level a good swing trade opportunity, with at least a 1:2 risk–reward potential.
However, yesterday’s low around 112K landed perfectly at a strong confluence support: a key horizontal level aligned with the ascending trendline from April.
Despite the drop, the broader structure remains firmly bullish. So far, this move looks like a normal correction within an uptrend — nothing more.
Looking ahead, I expect a reversal from this support. If bulls can reclaim the 117.5K–118K zone, the path toward a new all-time high opens up again.
🔍 Bias: Bullish
🎯 I consider this current level a good swing trade opportunity, with at least a 1:2 risk–reward potential.
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.