BTCUSD has successfully broken out of its descending trendline, signaling a shift in market structure from bearish to bullish. After the breakout, the market completed a healthy retracement and is now pushing upward again. Price has reached a key resistance zone around 107,000, which is acting as a major decision point.
If BTC can break and hold above this resistance, we could see a strong bullish continuation. Buying volume is increasing, showing strong interest from bulls. On the downside, there’s a strong support level at 101,500, which is holding the current structure firmly.
Our technical target levels on a confirmed breakout are 110,200 and 111,500. Keep an eye on price action and volume around the resistance zone for confirmation.
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If BTC can break and hold above this resistance, we could see a strong bullish continuation. Buying volume is increasing, showing strong interest from bulls. On the downside, there’s a strong support level at 101,500, which is holding the current structure firmly.
Our technical target levels on a confirmed breakout are 110,200 and 111,500. Keep an eye on price action and volume around the resistance zone for confirmation.
Like, comment, and follow for more real-time analysis and trade updates. Let’s grow the DollarsMagnet community and navigate the markets together with smart, strategic insights.
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💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter. t.me/DollarsMagnet1
Premium Channel For Gold Trading.
t.me/iTradeDollar
Premium Channel For Gold Trading.
t.me/iTradeDollar
Related publications
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.