Bitcoin to $102K? Bullish Momentum Still in Play (4H Chart)
Bitcoin is holding strong within an upward channel, showing clear bullish structure with higher highs and higher lows. After breaking out of a long consolidation phase, it’s now finding support around $94.5K and riding along the midline of the ascending trend.
Momentum looks solid, with price above key EMAs and holding structure.
Next major resistance: Sitting at $102,000, which lines up with the top of the channel and a previous supply zone.
Indicators:
If BTC can hold above $94.5K, the bullish structure remains intact. A push to $102K looks likely in the short to mid-term.
Bitcoin is holding strong within an upward channel, showing clear bullish structure with higher highs and higher lows. After breaking out of a long consolidation phase, it’s now finding support around $94.5K and riding along the midline of the ascending trend.
Momentum looks solid, with price above key EMAs and holding structure.
Next major resistance: Sitting at $102,000, which lines up with the top of the channel and a previous supply zone.
Indicators:
- RSI is slightly cooling off, suggesting potential short-term consolidation.
- ADX still supports a strong trend.
- Volume’s dipped a bit, so we may need fresh buying pressure for the next leg up.
If BTC can hold above $94.5K, the bullish structure remains intact. A push to $102K looks likely in the short to mid-term.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.