BTCUSD – Strong Bullish Signals on Daily Chart
Bitcoin is building strong bullish momentum after holding key support near $100,000 and breaking above the critical resistance zone at $105,000–$106,000. This move confirms renewed buying interest and opens the door for further upside.
The daily MACD is on the verge of a bullish crossover, signaling strengthening upward momentum.
The RSI has climbed above 55, moving out of neutral territory and showing buyer dominance.
Price action is approaching the upper boundary of a rising channel, with resistance near $110,000 to watch closely.
Volume has increased on recent up days, supporting the breakout strength.
Key Levels:
Support: $106,000 and $100,000
Resistance: $110,000 and $112,500
A daily close above $107,500 with volume confirmation would solidify the bullish case and could target a move toward $112,500.
What to expect after breaking $112,500:
Breaking and holding above $112,500 would open the path toward the next major resistance near $118,000–$120,000.
This breakout could trigger a strong rally fueled by momentum traders and institutional buying.
Watch for increased volatility as Bitcoin approaches all-time highs, with potential pullbacks serving as entry opportunities.
Sustained volume above breakout levels will be critical to confirm strength beyond $112,500.
If Bitcoin fails to hold above $112,500, it may retest support near $106,000–$108,000 for consolidation.
Short-term outlook: Expect consolidation between $106,000 and $110,000 before the next leg higher. Keep an eye on volume and momentum indicators for confirmation.
Bitcoin is building strong bullish momentum after holding key support near $100,000 and breaking above the critical resistance zone at $105,000–$106,000. This move confirms renewed buying interest and opens the door for further upside.
The daily MACD is on the verge of a bullish crossover, signaling strengthening upward momentum.
The RSI has climbed above 55, moving out of neutral territory and showing buyer dominance.
Price action is approaching the upper boundary of a rising channel, with resistance near $110,000 to watch closely.
Volume has increased on recent up days, supporting the breakout strength.
Key Levels:
Support: $106,000 and $100,000
Resistance: $110,000 and $112,500
A daily close above $107,500 with volume confirmation would solidify the bullish case and could target a move toward $112,500.
What to expect after breaking $112,500:
Breaking and holding above $112,500 would open the path toward the next major resistance near $118,000–$120,000.
This breakout could trigger a strong rally fueled by momentum traders and institutional buying.
Watch for increased volatility as Bitcoin approaches all-time highs, with potential pullbacks serving as entry opportunities.
Sustained volume above breakout levels will be critical to confirm strength beyond $112,500.
If Bitcoin fails to hold above $112,500, it may retest support near $106,000–$108,000 for consolidation.
Short-term outlook: Expect consolidation between $106,000 and $110,000 before the next leg higher. Keep an eye on volume and momentum indicators for confirmation.
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.
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.