Bitcoin (BTC/USDT) – Daily Chart Analysis
Bitcoin has tested the overhead resistance and is currently retracing towards the $104k–$105k support area.
Moving Average (MA 25):
The price is slightly above the moving average, indicating that the medium-term trend is still bullish but faces resistance.
Pattern Formation:
There is a clear breakout from the inverted “V” pattern, and now the price appears to be retesting the breakout zone.
Scenario:
If BTC maintains support at ~$105k and bounces off again, a potential push towards $112k—$115k can be seen.
If the support fails, a deeper pullback towards $100k or below could occur.
Thanks for your support!
DYOR. NFA
Bitcoin has tested the overhead resistance and is currently retracing towards the $104k–$105k support area.
Moving Average (MA 25):
The price is slightly above the moving average, indicating that the medium-term trend is still bullish but faces resistance.
Pattern Formation:
There is a clear breakout from the inverted “V” pattern, and now the price appears to be retesting the breakout zone.
Scenario:
If BTC maintains support at ~$105k and bounces off again, a potential push towards $112k—$115k can be seen.
If the support fails, a deeper pullback towards $100k or below could occur.
Thanks for your support!
DYOR. NFA
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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.
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.