Bitcoin is showing signs of strength as price climbs back toward the mid-zone of $105K+ after a healthy pullback. Looking across the multi-timeframe setup (5M, 20H, 12M), there are several key observations that may suggest the next leg up is brewing.
🧠 Structure Breakdown:
🔹 20H Chart
We're seeing a potential retest forming after the recent bounce off the 0.786 Fib retracement (~$101,119), which aligns near the current local low at $100,377.01. Price is holding above this level, indicating buyer interest in this zone. A move toward the $108,388 to $109,048 zone is expected—this zone aligns with previous structure and Fibonacci projection.
🔹 5M Chart (Macro Outlook)
On the 5M macro view, price is still holding above the previous major breakout zone, and the current candle is showing a strong recovery structure. If momentum continues, BTC may attempt to retest the $112,000 previous high. A close above that could open the door for price discovery into the $115K+ range.
🔹 12M Chart (Yearly)
This is the big picture—BTC is still within a major macro range. After printing a long wick down to $74,420 earlier in the year, buyers stepped in aggressively. The yearly chart is now trading in the golden zone (0.618–0.786), with $95,976 and $101,119 acting as critical confluence levels. A successful retest of this area may lead to the completion of a bullish yearly continuation pattern, targeting the $112K breakout.
🚨 Key Levels to Watch:
Support: $101,119 (0.786 Fib), $95,976 (0.618 Fib)
Resistance: $108,388 → $112,000 (Previous High Zone)
Breakout Trigger: Clean daily close above $109,048
Bearish Invalidator: Breakdown below $100,377 + momentum loss
📊 Final Thoughts:
Bitcoin is showing signs of structure-based recovery, and the multi-timeframe analysis points toward a measured retest of key resistance. Watch for strong volume and bullish engulfing patterns at resistance zones. This isn’t a moment to guess — it’s a time to monitor, plan, and react to confirmation. 🔍
🧠 Structure Breakdown:
🔹 20H Chart
We're seeing a potential retest forming after the recent bounce off the 0.786 Fib retracement (~$101,119), which aligns near the current local low at $100,377.01. Price is holding above this level, indicating buyer interest in this zone. A move toward the $108,388 to $109,048 zone is expected—this zone aligns with previous structure and Fibonacci projection.
🔹 5M Chart (Macro Outlook)
On the 5M macro view, price is still holding above the previous major breakout zone, and the current candle is showing a strong recovery structure. If momentum continues, BTC may attempt to retest the $112,000 previous high. A close above that could open the door for price discovery into the $115K+ range.
🔹 12M Chart (Yearly)
This is the big picture—BTC is still within a major macro range. After printing a long wick down to $74,420 earlier in the year, buyers stepped in aggressively. The yearly chart is now trading in the golden zone (0.618–0.786), with $95,976 and $101,119 acting as critical confluence levels. A successful retest of this area may lead to the completion of a bullish yearly continuation pattern, targeting the $112K breakout.
🚨 Key Levels to Watch:
Support: $101,119 (0.786 Fib), $95,976 (0.618 Fib)
Resistance: $108,388 → $112,000 (Previous High Zone)
Breakout Trigger: Clean daily close above $109,048
Bearish Invalidator: Breakdown below $100,377 + momentum loss
📊 Final Thoughts:
Bitcoin is showing signs of structure-based recovery, and the multi-timeframe analysis points toward a measured retest of key resistance. Watch for strong volume and bullish engulfing patterns at resistance zones. This isn’t a moment to guess — it’s a time to monitor, plan, and react to confirmation. 🔍
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.