Bitcoin
Long
Updated

Bitcoin Breaks Key Resistance With Bullish Momentum, Eyes \$108K

76
we executive buy setup of BTC/USD, buy around 104k with target 108k,
HERE IS AN ANALYSIS
* chart shows a bullish breakout of Bitcoin (BTC/USD) on the 2-hour timeframe.
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*Key Points:
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*Resistance Breakout:** Price broke out of a well-defined resistance zone (highlighted in orange), indicating strong bullish momentum.
*Consolidation Range:** Prior to breakout, BTC was ranging between \~101,400 and \~105,000.
*Retest in Progress:** Price is retesting the previous resistance zone, now acting as support.
*Bullish Structure:** The breakout followed a series of bullish signals like BOS (Break of Structure) and ChoCH (Change of Character).
** **Target:** Projection towards the 108,100 level as next key resistance.
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*Overall, this setup suggests continuation to the upside if the support holds.
*
Trade closed: target reached
congratulation 108k target achieved

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