Bitcoin (BTC/USD) has officially broken above the psychologically and technically significant 108,500 zone, confirming bullish continuation:
Bitcoin remains in bulls' control unless we see a decisive drop back below trendline support.
-MW
- Trendline Support Holds: The rising trendline from March remains intact and continues to guide the advance.
- Breakout Confirmation: Price is now comfortably above previous resistance at 108,500, turning it into new support.
- Momentum Strong: MACD remains firmly in bullish territory, while RSI is pushing into overbought levels—suggesting strong upside but warranting caution.
- Next Resistance: Little stands in the way until 115,000 and potentially 120,000 if momentum persists.
- Watch for Retest: Short-term consolidation or a retest of the 108,500 zone could provide a healthier base for further gains.
Bitcoin remains in bulls' control unless we see a decisive drop back below trendline support.
-MW
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.