BTC/USDT – 2H Chart Update
Breakout Confirmed:
BTC has broken above the descending trendline but is currently facing resistance at around $ 119,500.
Support Zone:
Strong ascending support between $ 117,000 and $ 118,000 remains intact.
Moving Average:
Price is currently testing the 2H MA (~$118.3). Holding above this could confirm bullish continuation.
Outlook:
If BTC holds above $ 118,000, a move toward $ 123,000–$ 125,000 is likely.
Failure to hold may retest $117K support.
Bias: Short-term bullish unless price breaks below ascending trendline.
Thanks for your support!
DYOR. NFA
Breakout Confirmed:
BTC has broken above the descending trendline but is currently facing resistance at around $ 119,500.
Support Zone:
Strong ascending support between $ 117,000 and $ 118,000 remains intact.
Moving Average:
Price is currently testing the 2H MA (~$118.3). Holding above this could confirm bullish continuation.
Outlook:
If BTC holds above $ 118,000, a move toward $ 123,000–$ 125,000 is likely.
Failure to hold may retest $117K support.
Bias: Short-term bullish unless price breaks below ascending trendline.
Thanks for your support!
DYOR. NFA
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.
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.