Bitcoin has officially broken out above the key $105K resistance zone, confirming a strong bullish structure on the 1-day chart.
The price now exceeds the previous supply area, which has flipped into solid support.
As long as BTC stays above this level, momentum remains bullish with a clear path toward the next major target at $ 150 K.
This breakout marks a strong continuation of the uptrend, and traders should keep a close eye on any retest of the $105K zone for potential long
opportunities.
The price now exceeds the previous supply area, which has flipped into solid support.
As long as BTC stays above this level, momentum remains bullish with a clear path toward the next major target at $ 150 K.
This breakout marks a strong continuation of the uptrend, and traders should keep a close eye on any retest of the $105K zone for potential long
opportunities.
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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.