BTC/USD Technical Forecast
📋 Description:
The BTC/USD price is currently trading around 108,090 USD, showing signs of short-term consolidation following a recent downtrend from the 110,000 level. The chart structure suggests that the market is entering a potential accumulation phase, supported by a dense high-volume node visible between 107,000–108,500 USD.
A projected path, illustrated on the chart, anticipates a minor dip toward the 107,000–107,200 region, where key horizontal support and historical demand are aligned. This zone is expected to act as a springboard for a bullish reversal, potentially driving price action back toward the 109,500–110,000 resistance range.
The volume profile on the left confirms significant buyer interest in the current price zone, reinforcing the probability of a bounce. However, a breakdown below 106,500 could invalidate the bullish scenario and expose price to lower liquidity zones, accelerating downside toward 104,000.
This setup highlights a favorable risk-to-reward long opportunity, provided price action confirms support at 107,000. Conservative traders may wait for bullish candlestick confirmation before entry.
📋 Description:
The BTC/USD price is currently trading around 108,090 USD, showing signs of short-term consolidation following a recent downtrend from the 110,000 level. The chart structure suggests that the market is entering a potential accumulation phase, supported by a dense high-volume node visible between 107,000–108,500 USD.
A projected path, illustrated on the chart, anticipates a minor dip toward the 107,000–107,200 region, where key horizontal support and historical demand are aligned. This zone is expected to act as a springboard for a bullish reversal, potentially driving price action back toward the 109,500–110,000 resistance range.
The volume profile on the left confirms significant buyer interest in the current price zone, reinforcing the probability of a bounce. However, a breakdown below 106,500 could invalidate the bullish scenario and expose price to lower liquidity zones, accelerating downside toward 104,000.
This setup highlights a favorable risk-to-reward long opportunity, provided price action confirms support at 107,000. Conservative traders may wait for bullish candlestick confirmation before entry.
Trade closed: target reached
BTC/USD Trade ClosedTP was almost hit — I’m locking in profits early. No need to risk reversal. ✅
Forex Market Analyst | XAU/USD Specialist
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Forex Market Analyst | XAU/USD Specialist
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
. VIP Signal Channel for Premium Insights
. Comprehensive Forex Mentorship Program
. Affiliate Program for growth-driven partners
Join Our Telegram t.me/Goldsignalspro12
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.