Bitcoin is forming a Double Bottom reversal pattern on the 30-minute timeframe, signaling a strong bullish momentum shift. The neckline has been successfully broken, confirming the breakout.
🔹 Technical Overview:
✅ Confirmed Double Bottom with neckline breakout
🔼 Price above Ichimoku cloud – supports bullish trend
🎯 Target projected at $112,521 based on measured move
📍 Entry at breakout level ($110,128) with risk managed below $108,500
🔹 Market Context:
🏛 BTC gaining strength amid favorable macro sentiment and increasing demand
💹 Institutional buying interest contributing to bullish bias
🌍 Crypto market broadly recovering from recent consolidation
📌 Trading Plan: Long position targeting $112,500 with clear invalidation zone. Momentum favors bulls as structure shifts from accumulation to expansion.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Technical Overview:
✅ Confirmed Double Bottom with neckline breakout
🔼 Price above Ichimoku cloud – supports bullish trend
🎯 Target projected at $112,521 based on measured move
📍 Entry at breakout level ($110,128) with risk managed below $108,500
🔹 Market Context:
🏛 BTC gaining strength amid favorable macro sentiment and increasing demand
💹 Institutional buying interest contributing to bullish bias
🌍 Crypto market broadly recovering from recent consolidation
📌 Trading Plan: Long position targeting $112,500 with clear invalidation zone. Momentum favors bulls as structure shifts from accumulation to expansion.
Note1: If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
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.
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.