Bitcoin is holding strong above 117,700 demand zone after retesting the Fibonacci support, confirming bullish strength. Market structure shows consolidation with higher lows, preparing for an impulsive move upward.
📍 Buy Entry: 117,800 – 118,200
🎯 TP1: 120,000
🎯 TP2: 121,500
🎯 TP3: 123,900
🛡 SL: 116,300
✅ Key Points:
Demand zone respected at 117,700
Fibonacci support aligned with bullish trend
Breakout potential toward 123,900 resistance
Higher lows indicate strong buyers’ presence
📍 Buy Entry: 117,800 – 118,200
🎯 TP1: 120,000
🎯 TP2: 121,500
🎯 TP3: 123,900
🛡 SL: 116,300
✅ Key Points:
Demand zone respected at 117,700
Fibonacci support aligned with bullish trend
Breakout potential toward 123,900 resistance
Higher lows indicate strong buyers’ presence
Order cancelled
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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.