BTC has followed a classic bullish roadmap: accumulation, rounded base, breakout, retest, and now range consolidation above key support. Current structure remains bullish as long as price holds above the mid-support zone.
Description (with EMA + Indicator Logic):
BTC remains in a strong bullish structure on the 4H timeframe. Price is holding above key EMAs (20/50), and the 200 EMA is sloping upward, confirming long-term bullish momentum. A healthy pullback followed the breakout, and the current sideways range is forming above EMA support.
Smart Bullish Target Recommendations:
Target 1: 119,500 – previous high / local resistance
Target 2: 121,800 – measured move of breakout range
Target 3 (Extended): 124,000 – round number + upper trend line touch
Invalidation idea: Break below 116,000 structure support could shift bias short-term.
Educational purposes only – not financial advice.
https://www.tradingview.com/x/Oywove5r/
Description (with EMA + Indicator Logic):
BTC remains in a strong bullish structure on the 4H timeframe. Price is holding above key EMAs (20/50), and the 200 EMA is sloping upward, confirming long-term bullish momentum. A healthy pullback followed the breakout, and the current sideways range is forming above EMA support.
Smart Bullish Target Recommendations:
Target 1: 119,500 – previous high / local resistance
Target 2: 121,800 – measured move of breakout range
Target 3 (Extended): 124,000 – round number + upper trend line touch
Invalidation idea: Break below 116,000 structure support could shift bias short-term.
Educational purposes only – not financial advice.
https://www.tradingview.com/x/Oywove5r/
Trade active
Update: BTC is still holding above the key support zone and EMAs on the 4H chart. Consolidation continues within the range, showing signs of absorption. A breakout above the yellow box remains the trigger for the next bullish leg toward 119.5K+. Structure remains bullish unless price breaks below 116.2K.📊 Monitoring closely for breakout confirmation.
Note
Update Note – Close to Target 1 🎯> Update: BTC reached a high of ~118,800, coming very close to Target 1 (119,500) before pulling back into the current consolidation range. While not a full hit, this proximity often signals that smart money has partially taken profits at key zones just below obvious resistance levels.
💡 Technical Insight:
Price often reacts just before major round levels or resistance zones – this is typical behavior as algorithms and larger traders front-run expected profit areas.
The rejection from ~118.8K aligns with previous resistance and volume profile nodes, indicating short-term supply.
Bullish structure remains valid as long as the price holds above 116.2K and key EMAs (20/50 on 4H).
Trade closed: target reached
Bitcoin (BTC) reached a high of $120,256 last night, successfully hitting and slightly surpassing the first projected target of $119,500. This move confirms the strength of the bullish breakout from the recent consolidation range and aligns with the ongoing bullish structure supported by the 20/50/200 EMA alignment. The breakout level previously highlighted acted as support during the retest phase, leading to a clean continuation toward Target 1. With this level now reached, attention shifts to the next upside objectives: $121,800 as the measured move of the prior range, and $124,000 as an extended target near a psychological resistance area. As long as BTC holds above the $118,000 support zone, the bullish bias remains intact. This update is shared for educational purposes only and does not constitute financial advice.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
Related publications
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.