Bitcoin showed a strong bullish reaction after tapping into a key demand zone between 104,800–105,000. Price rejected sharply from this area, forming bullish engulfing candles on the 15-minute chart.
Currently trading around 105,860, BTC has broken above the intraday EMA-9 and is testing the previous supply zone. If this level holds as support, we could see continuation towards 106,200+.
Key Zones:
✅ Demand Zone: 104,800 – 105,000 (Strong rejection zone)
⚠️ Supply Zone / Resistance: 105,900 – 106,200
📈 EMA (9) acting as dynamic intraday support
Bias: Bullish above 105,400 | Watch for retests and confirmation
Currently trading around 105,860, BTC has broken above the intraday EMA-9 and is testing the previous supply zone. If this level holds as support, we could see continuation towards 106,200+.
Key Zones:
✅ Demand Zone: 104,800 – 105,000 (Strong rejection zone)
⚠️ Supply Zone / Resistance: 105,900 – 106,200
📈 EMA (9) acting as dynamic intraday support
Bias: Bullish above 105,400 | Watch for retests and confirmation
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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.