Chart Overview:
The BTC/USD chart shows a strong bullish impulse followed by a consolidation phase just below a key resistance level, suggesting a potential bullish continuation.
🔹 Key Technical Zones:
📍 Support Zone:
105,368 – 106,481 USD
This area acted as a strong demand zone where price reversed aggressively.
📍 Resistance Level:
107,439 – 107,840 USD
Price is currently consolidating just below this resistance, indicating a buildup for a breakout.
🎯 Target Zone:
110,683 – 111,394 USD
A clean breakout above resistance could push price into this target area.
🔹 Technical Signals:
✅ Bullish Flag Formation:
After a strong impulse move, BTC is forming a sideways range, indicating bullish accumulation.
⬆️ Breakout Potential:
A confirmed breakout and retest above 107,840 could validate a move toward the 111K region.
⚠️ Invalidation Point:
A drop below 106,481 would invalidate the bullish bias and may trigger a deeper pullback.
📌 Conclusion:
As long as BTC holds above the 106,481 support and breaks above the 107,840 resistance, bullish momentum is expected to continue toward the 111K zone. Traders should watch for a breakout confirmation and manage risk accordingly. 💹
The BTC/USD chart shows a strong bullish impulse followed by a consolidation phase just below a key resistance level, suggesting a potential bullish continuation.
🔹 Key Technical Zones:
📍 Support Zone:
105,368 – 106,481 USD
This area acted as a strong demand zone where price reversed aggressively.
📍 Resistance Level:
107,439 – 107,840 USD
Price is currently consolidating just below this resistance, indicating a buildup for a breakout.
🎯 Target Zone:
110,683 – 111,394 USD
A clean breakout above resistance could push price into this target area.
🔹 Technical Signals:
✅ Bullish Flag Formation:
After a strong impulse move, BTC is forming a sideways range, indicating bullish accumulation.
⬆️ Breakout Potential:
A confirmed breakout and retest above 107,840 could validate a move toward the 111K region.
⚠️ Invalidation Point:
A drop below 106,481 would invalidate the bullish bias and may trigger a deeper pullback.
📌 Conclusion:
As long as BTC holds above the 106,481 support and breaks above the 107,840 resistance, bullish momentum is expected to continue toward the 111K zone. Traders should watch for a breakout confirmation and manage risk accordingly. 💹
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.