BTC/USD Bullish Breakout Analysis
Bitcoin has successfully broken out above a key trendline and breached the buy-side liquidity zone. This breakout was confirmed by a BOS (Break of Structure), signaling a shift in market structure from bearish to bullish.
The chart shows multiple CHoCH (Change of Character) points, culminating in a strong bullish move that cleared previous liquidity and resistance. Price action suggests a bullish continuation with a potential retracement and retest of the breakout zone (former resistance, now acting as support).
The next logical target for this bullish momentum lies near the \$113,193 zone, which is clearly marked as a target area. This aligns with the previous high and a possible liquidity grab zone.
Conclusion: If the price successfully retests the breakout area and holds above the trendline, BTC is likely to continue its upward trajectory toward the \$113,193 target.
Bitcoin has successfully broken out above a key trendline and breached the buy-side liquidity zone. This breakout was confirmed by a BOS (Break of Structure), signaling a shift in market structure from bearish to bullish.
The chart shows multiple CHoCH (Change of Character) points, culminating in a strong bullish move that cleared previous liquidity and resistance. Price action suggests a bullish continuation with a potential retracement and retest of the breakout zone (former resistance, now acting as support).
The next logical target for this bullish momentum lies near the \$113,193 zone, which is clearly marked as a target area. This aligns with the previous high and a possible liquidity grab zone.
Conclusion: If the price successfully retests the breakout area and holds above the trendline, BTC is likely to continue its upward trajectory toward the \$113,193 target.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.