BTC has successfully broken above the $100K psychological barrier and is trading near $104K. A bullish breakout from consolidation with strong volume and structure shift signals momentum continuation.
🔸 Key Support Zone at $100,000
The previous resistance at $100K has flipped into solid support. As long as BTC holds this level, the bullish structure remains intact. Liquidity also rests around $90K for deeper pullbacks.
🔸 Upside Target: $110K – $120K
Next immediate resistance is $110K. If BTC closes above this, a continuation toward $115K and $120K is expected. Strong institutional buying and ETF accumulation support the move.
🔸 Risk Level at $99K
If price falls below $99K, expect a possible sweep to the $90K zone to grab liquidity. A failure to reclaim $100K after that would weaken the bullish outlook.
🔸 Outlook:
Monitor for price stability above $100K. Long positions remain valid above $99K. Consider placing limit buys around $90K in case of volatility from macro events like the Moody’s downgrade.
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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.