BTC faced rejection near $110K and is now pulling back to test key mid-range levels. Price action remains constructive unless deeper supports break.
🔸 Key Support Zone at $99,763:
This level aligns with previous range highs and is now acting as crucial support. A successful retest here could fuel the next leg up. If this fails, next support sits at $90,209.
🔸 Upside Target: $110,324
Despite the current dip, momentum on higher timeframes still favors upside. Liquidity above $110K remains untapped, and a bullish bounce from $99K–$100K zone could drive BTC to $110K+ in the coming weeks.
🔸 Risk Level at $90,209:
A breakdown below $99K and then $90K would negate the bullish structure and open downside toward $80K–$70K range. This level remains critical for bull market continuation.
🔸 Action Plan:
Watch the $99,763 zone closely. If BTC holds and prints a higher low, it’s a strong bullish sign. A recovery with volume confirmation can trigger a breakout push toward $113K–$120K. If $90K breaks, flip bias short-term bearish and expect extended consolidation.
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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.