Bitcoin is showing strong bullish structure on the daily timeframe, having broken out of a key range and now approaching a potential retest zone.
Price is currently hovering around 96,990, and we’re anticipating a possible retracement into the demand zone between 91,856 – 88,533. This area aligns with a previous consolidation and breakout range, offering a high-probability buy zone if price reacts with bullish intent.
📌 Key Technical Highlights:
Break of structure confirms bullish bias
Demand zone identified between 91.8K – 88.5K
Anticipating a retracement for continuation
Bullish targets toward 100K+
We’ll be watching lower timeframes for confirmation (engulfing candles, bullish BOS, or SFPs) before entering long.
Price is currently hovering around 96,990, and we’re anticipating a possible retracement into the demand zone between 91,856 – 88,533. This area aligns with a previous consolidation and breakout range, offering a high-probability buy zone if price reacts with bullish intent.
📌 Key Technical Highlights:
Break of structure confirms bullish bias
Demand zone identified between 91.8K – 88.5K
Anticipating a retracement for continuation
Bullish targets toward 100K+
We’ll be watching lower timeframes for confirmation (engulfing candles, bullish BOS, or SFPs) before entering long.
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.
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.