BTCUSDT remains in a clear uptrend with a structure of higher highs and higher lows, after breaking out of a prolonged consolidation pattern since early May.
The price has surged from the 106,000 resistance zone and approached the technical target around 112,000 – an area that is currently triggering a slight pullback.
At the moment, the support zone around 106,700–107,800 aligns with a demand area and the EMA34, likely serving as a springboard for the next upward move.
If BTC continues to consolidate around this zone without breaking below 106,700, the 112,000 level could be breached, paving the way for a move toward higher targets.
The price has surged from the 106,000 resistance zone and approached the technical target around 112,000 – an area that is currently triggering a slight pullback.
At the moment, the support zone around 106,700–107,800 aligns with a demand area and the EMA34, likely serving as a springboard for the next upward move.
If BTC continues to consolidate around this zone without breaking below 106,700, the 112,000 level could be breached, paving the way for a move toward higher targets.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.