Bitcoin Price Analysis:
Bitcoin is currently trading within a well-defined range, with strong support around 100,500 and strong resistance near 110,500. The chart indicates a tight structure, with both boundaries being defended aggressively by market participants.
Resistance zone 108K / 110
Support Levels 102K 100K
There are clear local and strong sideways levels forming, suggesting that the market is consolidating. However, if the price begins to "stick" or gravitate toward one of the boundaries (either support or resistance), it could signal an upcoming breakout.
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Bitcoin is currently trading within a well-defined range, with strong support around 100,500 and strong resistance near 110,500. The chart indicates a tight structure, with both boundaries being defended aggressively by market participants.
Resistance zone 108K / 110
Support Levels 102K 100K
There are clear local and strong sideways levels forming, suggesting that the market is consolidating. However, if the price begins to "stick" or gravitate toward one of the boundaries (either support or resistance), it could signal an upcoming breakout.
if you like this idea if you have on Opinion about this analysis Share in Comments Thanks.
Trade closed: target reached
1st Target done keep Eye on next one
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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.