This Bitcoin daily chart shows a breakout above the previous all-time high resistance zone, marked in orange. The price is currently retesting this key zone, which could now act as support.
Key Points:
Price has broken out of the resistance range (\~\$106K–\$108K).
Retest is underway; holding this level may confirm it as support.
If support holds, the projected target is around \$120K.
If it fails, price could revisit lower support (\~\$102K or below).
Outlook: Bullish continuation is favoured if the breakout holds. Watch the retest zone closely.
Key Points:
Price has broken out of the resistance range (\~\$106K–\$108K).
Retest is underway; holding this level may confirm it as support.
If support holds, the projected target is around \$120K.
If it fails, price could revisit lower support (\~\$102K or below).
Outlook: Bullish continuation is favoured if the breakout holds. Watch the retest zone closely.
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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.