BTC is breaking out of a descending channel after a healthy pullback from the $ 112,000–$ 114,000 resistance zone. Strong demand at $ 102,000–$ 104,000 supported the bounce, with buyers now pushing prices higher.
A clean breakout above $106K could open the path to retest $112K+.
The $102K–$104K zone remains key support as long as BTC holds above it, the short-term bias stays bullish.
DYRO, NFA
Trade active
A close above this key zone could send BTC toward a new ATH. Watch closely!Note
New ATH coming soon in BTC
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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.