BitcoinLong
Can BTC Maintain Momentum Above $92K Support?
BTC/USD continues to exhibit strong bullish momentum as it follows a well-established uptrend. The price is consistently printing higher highs and higher lows, supported by the EMA Ribbon, which remains firmly bullish. The most recent Break of Structure (BOS) highlights the continuation of this bullish trend.
A key level to watch is 92k, which has transitioned from resistance to support after the price retraced and successfully bounced off this area. This level aligns with the current trendline and acts as a significant foundation for the next move upward. Additionally, the TSI indicator is showing an upward divergence, where momentum decreased temporarily but the price continued climbing, confirming bullish pressure.
Looking ahead, the 1.618 Fibonacci extension suggests a potential target at 112k, which aligns with historical behavior when Fibonacci extensions are respected. The TSI is above the zero line, signaling strong bullish momentum, and the Signal Builder has consistently provided bullish signals in confluence with these factors.
As long as BTC/USD remains above the EMA Ribbon and maintains its higher-low structure, the probability of reaching the 112k target remains high.
👨🏻💻💭 Do you think BTC will hit 112k soon? Let’s hear your thoughts below!
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