Bitcoin has shown a strong reversal from key demand, reclaiming structural levels and now pressing into previous support turned resistance. A bullish continuation scenario is emerging, supported by a clean breaker block and a sharp shift in momentum.
As long as it holds above the $106,000 breaker zone. A healthy pullback to retest this area would offer an excellent entry opportunity for longs, targeting $112K and potentially $118K+ in coming sessions.
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As long as it holds above the $106,000 breaker zone. A healthy pullback to retest this area would offer an excellent entry opportunity for longs, targeting $112K and potentially $118K+ in coming sessions.
🚀 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions, I will respond :)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.