BTC/USD – Technical Outlook (Bullish Bias)
Current Price: $108,891
Market Structure
BTC/USD has recently tested the $106,900 – $107,200 demand zone twice, confirming it as a strong support level.
The repeated higher bounces from this area signal buyer absorption and weakening bearish momentum.
Multiple Change of Character (CHoCH) and Break of Structure (BOS) events suggest a potential trend reversal to the upside.
Key Levels
Support Zone (Demand): $106,900 – $107,200
Immediate Resistance (Supply): $112,000 – $113,500
Major Resistance: $115,500 – $116,000
Bullish Scenario
As long as BTC holds above $106,900, the short-term bias remains bullish.
A sustained move above $112,000 would likely trigger continuation towards $115,500 – $116,000, where stronger supply is expected.
Breakout above $116K could open the way for a larger bullish leg.
Volume & Momentum
The recent support bounce was backed by rising volume, confirming strong buying interest.
Momentum indicators (implied from structure) support a potential upside continuation after short-term consolidation.
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📊 Outlook:
BTC/USD remains constructively bullish in the short term. Holding above $106,900 support will keep the upside structure intact, with targets at $112K and $116K.
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Current Price: $108,891
Market Structure
BTC/USD has recently tested the $106,900 – $107,200 demand zone twice, confirming it as a strong support level.
The repeated higher bounces from this area signal buyer absorption and weakening bearish momentum.
Multiple Change of Character (CHoCH) and Break of Structure (BOS) events suggest a potential trend reversal to the upside.
Key Levels
Support Zone (Demand): $106,900 – $107,200
Immediate Resistance (Supply): $112,000 – $113,500
Major Resistance: $115,500 – $116,000
Bullish Scenario
As long as BTC holds above $106,900, the short-term bias remains bullish.
A sustained move above $112,000 would likely trigger continuation towards $115,500 – $116,000, where stronger supply is expected.
Breakout above $116K could open the way for a larger bullish leg.
Volume & Momentum
The recent support bounce was backed by rising volume, confirming strong buying interest.
Momentum indicators (implied from structure) support a potential upside continuation after short-term consolidation.
---
📊 Outlook:
BTC/USD remains constructively bullish in the short term. Holding above $106,900 support will keep the upside structure intact, with targets at $112K and $116K.
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Trade with confirmation.
Xauusd+BTCUSD trade with GOLD TRADE MASTER swing sniper entires.
Xauusd+BTCUSD trade with GOLD TRADE MASTER swing sniper entires.
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.
Trade with confirmation.
Xauusd+BTCUSD trade with GOLD TRADE MASTER swing sniper entires.
Xauusd+BTCUSD trade with GOLD TRADE MASTER swing sniper entires.
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.