Bitcoin has successfully broken out of the descending trendline that had been holding the price down for several weeks. This breakout confirms a shift in market structure from bearish to bullish.
After finding strong support around the $110,000-$112,000 area, BTC bounced sharply and reclaimed both the 21-day and 100-day moving averages – a powerful bullish signal. As long as the price remains above $115,000 to $116,000, we can expect continued upward momentum.
The current move shows healthy strength with volume support, indicating strong buyer interest. If momentum persists, the next potential target is around the $125,000-$128,000 area, where some profit-taking could occur.
Support: $115,000 – $116,000 (previous resistance turned support)
Resistance: $125,000 – $128,000 (short-term target area)
Currently, the upside remains in bullish favor. If the market structure remains stable, any decline towards $116,000-$118,000 could provide a potential buying opportunity.
Remember: Avoid blindly chasing breakouts. Allow the price to retest or consolidate before entering — patience pays off in trend trades.
After finding strong support around the $110,000-$112,000 area, BTC bounced sharply and reclaimed both the 21-day and 100-day moving averages – a powerful bullish signal. As long as the price remains above $115,000 to $116,000, we can expect continued upward momentum.
The current move shows healthy strength with volume support, indicating strong buyer interest. If momentum persists, the next potential target is around the $125,000-$128,000 area, where some profit-taking could occur.
Support: $115,000 – $116,000 (previous resistance turned support)
Resistance: $125,000 – $128,000 (short-term target area)
Currently, the upside remains in bullish favor. If the market structure remains stable, any decline towards $116,000-$118,000 could provide a potential buying opportunity.
Remember: Avoid blindly chasing breakouts. Allow the price to retest or consolidate before entering — patience pays off in trend trades.
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.