Bitcoin remains in a macro bullish structure, but recent price action shows consolidation after breaking through major resistance levels earlier this month. Similar to previous cycles, BTC tends to form short-term ranges after strong rallies before deciding the next move.
Currently, BTC is trading near $116,500–$117,000, just above a key support zone from $115,200 to $114,500. This area aligns with previous breakout levels and the 20 EMA on the 4H chart, making it critical for the short-term trend.
*Bullish Scenario: Holding above $115,200 and breaking $118,600 with strong buying volume could push BTC toward $120,500–$122,000 within days.
*Bearish Scenario: A close below $114,500 could trigger a correction toward $112,800–$111,900. Losing this level may extend the retracement to $110,200 (major demand zone).
Summary:
BTC is consolidating near key support. Past scenarios suggest a breakout above $118,600 could fuel the next bullish leg, but losing $114,500 risks a deeper pullback toward $112,800. The next 2–4 days should define short-term direction.
Currently, BTC is trading near $116,500–$117,000, just above a key support zone from $115,200 to $114,500. This area aligns with previous breakout levels and the 20 EMA on the 4H chart, making it critical for the short-term trend.
*Bullish Scenario: Holding above $115,200 and breaking $118,600 with strong buying volume could push BTC toward $120,500–$122,000 within days.
*Bearish Scenario: A close below $114,500 could trigger a correction toward $112,800–$111,900. Losing this level may extend the retracement to $110,200 (major demand zone).
Summary:
BTC is consolidating near key support. Past scenarios suggest a breakout above $118,600 could fuel the next bullish leg, but losing $114,500 risks a deeper pullback toward $112,800. The next 2–4 days should define short-term direction.
May the Green Spirit be with You ❇️💚
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May the Green Spirit be with You ❇️💚
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.