Price has reached the upper resistance of a long-held range. Momentum is strong, but decision time is near.
🔸 Key Support Zone at $99,856:
This level is now acting as a breakout retest area. If bulls defend this zone, it confirms the breakout and sets the stage for another leg higher.
🔸 Upside Target: $115,000–$120,000
Structure shows bullish continuation potential. Liquidity pool at $113.5K may attract price in the short term, followed by $115K–$120K range extension if breakout holds.
🔸 Risk Level at $90,209:
If price breaks below $99K and then $90k That would invalidate the current bullish structure.
🔸 Strategic Outlook:
Bitcoin has cleanly exited a 4-month consolidation. The current area ($110K) marks both technical resistance and psychological importance. Volume remains steady and the higher-lows structure is intact. With ETF inflows surging and institutions like MicroStrategy still accumulating, the bias remains bullish. A retest of $99K–$105K would be healthy before pushing toward $113.5K+.
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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.