BITCOIN has recently swept the liquidity below 106.800 tapping into a key demand area and quickly recovering. This price action suggests accumulation and a potential bullish breakout in progress Structure & Technical Outlook Price formed a WXY corrective pattern with liquidity taken at point (X) Strong bounce from the 106,800 liquidity zone Now approaching the descending trendline with breakout potential above 110,400Support: levels 106,800 → $104.900
Breakout Zone: 110,430
Bullish Target: 115,000 (psychological level)
If bulls clear the 110,430 resistance with strong momentum BTC could accelerate toward the 115K mark. Current price action reflects accumulation and breakout anticipation
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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.