Bitcoin

Bitcoin Tests Key Support-Healthy Correction Within Bull Market

62
Healthy Pullback, Strong Structure:
Bitcoin’s recent dip is a constructive correction within a broader bull trend, as it tests the critical $100,000–$105,000 support zone—a former resistance area from early 2025.

Institutional Demand Holds the Line:
Maintaining levels above the psychologically important $100,000 mark highlights continued institutional accumulation and reinforces the underlying strength of the trend.

Momentum Reset, Base Building:
This pullback has helped reset overbought conditions from the prior rally, laying the foundation for the next potential leg higher.

Key Levels to Watch:

Support: $100,000–$105,000

Breakout Trigger: A close above $108,000 would confirm uptrend continuation

Outlook: Bullish bias remains valid as long as support holds

Investor Opportunity:
With structure intact and downside contained, this consolidation presents a favorable risk-reward setup for long-term investors looking to position ahead of a potential breakout.

#Bitcoin #BTC #CryptoMarket #TechnicalAnalysis #SupportAndResistance #BullMarket #RiskReward #InstitutionalBuying #MarketOutlook #PriceAction

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.