Bitcoin is currently moving tightly within a broad symmetrical wedge structure. Despite multiple fakeouts and low-conviction moves, the price has managed to stay range-bound and is holding above key support, a sign of underlying strength.
Chart Structure:
Price has broken out of the downtrend resistance but is yet to confirm momentum.
The structure suggests a larger move is imminent, with bulls gradually gaining control.
Key Levels:
Immediate Resistance: $108,700
Major Resistances Ahead: $111,862 → $116,818 → $122,341
Immediate Support: $105,189
Major Support Below: $97,205
Potential Setup:
A confirmed breakout above $108,700 with volume could initiate a rally toward the next resistance zones.
Bulls must hold the $105,000 area to avoid another deep pullback into the lower structure.
Bias:
Cautiously bullish — market is waiting for a catalyst to trigger follow-through.
Stay patient, and watch for confirmation through price and volume.
DYOR. Not financial advice.
Chart Structure:
Price has broken out of the downtrend resistance but is yet to confirm momentum.
The structure suggests a larger move is imminent, with bulls gradually gaining control.
Key Levels:
Immediate Resistance: $108,700
Major Resistances Ahead: $111,862 → $116,818 → $122,341
Immediate Support: $105,189
Major Support Below: $97,205
Potential Setup:
A confirmed breakout above $108,700 with volume could initiate a rally toward the next resistance zones.
Bulls must hold the $105,000 area to avoid another deep pullback into the lower structure.
Bias:
Cautiously bullish — market is waiting for a catalyst to trigger follow-through.
Stay patient, and watch for confirmation through price and volume.
DYOR. Not financial advice.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.