Bitcoin is now testing a major supply zone between $107,991 and $109,000, marked by previous price rejections and a high-volume node on the visible range. This level has acted as strong resistance multiple times in Q1 2025.
Price Action Highlights:
Current Price: $109,205 (+0.17%)
Strong bullish momentum from April lows, breaking through previous resistance at $91,867
Now reaching into a critical decision zone—expecting a possible pullback or breakout
Key Levels to Watch:
Resistance Zone: $107,991 – $109,500 (Watch for reversal candles, potential bearish divergence)
Support Zones:
$91,867 – retest of previous resistance now turned support
$75,607 – major demand cluster with visible volume profile support
Bias: Short-term bullish, but watching closely for rejection signs at this supply zone. Confirmation needed before long continuation. Possible setup for swing short if bearish structure forms.
Red Arrows indicate potential downside targets if the price fails to break higher.
Next Moves:
Break and close above $109.5K = continuation toward new highs
Rejection = possible move back to
92K and $75K levels
What do you think? Is BTC ready to break out or due for a pullback?
Drop your thoughts and setups in the comments!
#BTCUSD #Bitcoin #CryptoTrading #SupplyDemand #PriceAction #SwingTrade #TechnicalAnalysis #CryptoCommunity
Price Action Highlights:
Current Price: $109,205 (+0.17%)
Strong bullish momentum from April lows, breaking through previous resistance at $91,867
Now reaching into a critical decision zone—expecting a possible pullback or breakout
Key Levels to Watch:
Resistance Zone: $107,991 – $109,500 (Watch for reversal candles, potential bearish divergence)
Support Zones:
$91,867 – retest of previous resistance now turned support
$75,607 – major demand cluster with visible volume profile support
Bias: Short-term bullish, but watching closely for rejection signs at this supply zone. Confirmation needed before long continuation. Possible setup for swing short if bearish structure forms.
Red Arrows indicate potential downside targets if the price fails to break higher.
Next Moves:
Break and close above $109.5K = continuation toward new highs
Rejection = possible move back to
92K and $75K levelsWhat do you think? Is BTC ready to break out or due for a pullback?
Drop your thoughts and setups in the comments!
#BTCUSD #Bitcoin #CryptoTrading #SupplyDemand #PriceAction #SwingTrade #TechnicalAnalysis #CryptoCommunity
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