Bitcoin is approaching a highly reactive zone, and we could be seeing a major move very soon. The price has been ranging between key support and resistance levels, and a breakout on either side could provide clear trade opportunities.
Scenarios to Watch:
Bullish Breakout above 103,700
Entry: 103,800+
Targets: 108,000 → 112,000 → 120,000
These levels are based on solid price structure and confirmed reactions from previous highs and lows. Always use proper risk management.
NEWS!!!
Bitcoin (BTC) is currently trading at approximately $103,009, having recently surged past the $100,000 mark for the first time since early February 2025 . This rally is attributed to positive developments, including a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China .
Recent legislative developments in Arizona and New Hampshire have also contributed to the bullish sentiment, as both states enacted laws permitting state involvement with cryptocurrencies .
Analysts suggest that if Bitcoin maintains its momentum, it could reach new highs, with projections suggesting it may hit $120,000 in Q2 2025 .
Always ensure proper risk management and await confirmation before entering trades.
Scenarios to Watch:
Bullish Breakout above 103,700
Entry: 103,800+
Targets: 108,000 → 112,000 → 120,000
These levels are based on solid price structure and confirmed reactions from previous highs and lows. Always use proper risk management.
NEWS!!!
Bitcoin (BTC) is currently trading at approximately $103,009, having recently surged past the $100,000 mark for the first time since early February 2025 . This rally is attributed to positive developments, including a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China .
Recent legislative developments in Arizona and New Hampshire have also contributed to the bullish sentiment, as both states enacted laws permitting state involvement with cryptocurrencies .
Analysts suggest that if Bitcoin maintains its momentum, it could reach new highs, with projections suggesting it may hit $120,000 in Q2 2025 .
Always ensure proper risk management and await confirmation before entering trades.
Trade active
Update (9 May 2025):BTC is consolidating tightly. Be ready! A break above 103.7K or below 94.8K could trigger a strong trend. Entries and targets noted above. Stay sharp—updates coming as price develops.
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Chart Text Placement Guide (What to Write Inside the Chart):
1. Near the Resistance Zone (top right area, above current price):
“Bullish Breakout Possible Above 103.7K”
“Entry: 103,800+ | Targets: 108K → 112K → 120K”
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.
Note
POSSIBLE CIRCUMSTANCES WITH NEWS ALERT!!!Bitcoin (BTC) is currently trading at approximately $103,000, having recently surged past the $100,000 mark for the first time since early February 2025. This rally is attributed to positive developments, including a new U.S.-U.K. trade agreement and potential progress in upcoming trade talks with China.
Recent legislative developments in Arizona and New Hampshire have also contributed to the bullish sentiment, as both states enacted laws permitting state involvement with cryptocurrencies.
Analysts suggest that if Bitcoin maintains its momentum, it could reach new highs, with projections suggesting it may hit $120,000 in Q2 2025.
Always ensure proper risk management and await confirmation before entering trades.
If you find this analysis helpful, consider following for more timely updates and trade setups. FOR EDUCATIONAL PURPOSE.
Note
Market Update Note:The market has been consolidating below the key breakout level of 103,700, showing signs of indecision. While our bullish breakout scenario remains valid, price action is currently stuck in a narrow range, suggesting a buildup before the next directional move.
What to Watch:
A clean breakout above 103,700 with volume confirmation still signals potential for the 108,000 → 112,000 → 120,000 targets.
However, repeated failure to break above this resistance could lead to a short-term pullback or retest of lower support zones.
Action Steps:
Avoid chasing trades in the current chop.
Wait for confirmation above 103,800 with strong momentum before entering.
Continue to use strict risk management, especially in range-bound conditions.
Patience is key here—let the market show its hand.
Trade closed: target reached
Update Note: BTC Hits $105KBitcoin (BTC) has officially reached the $105,000 milestone, marking a new all-time high. This major psychological and technical level reinforces the ongoing bullish momentum in the market. Key drivers include increasing institutional adoption, continued ETF inflows, and growing investor confidence amid a weakening dollar.
Target Reached: $105,000
Our previously forecasted target of $105K has now been achieved. Traders may consider reassessing their positions and setting new targets based on updated technical analysis and macroeconomic indicators.
Stay tuned for the next resistance levels and potential breakout signals.
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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.
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.