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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎯 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.