Holding Strong Amid Uncertainty:
Despite rising geopolitical tensions, Bitcoin remains resilient, trading near recent highs. This stability reflects strong institutional confidence and sustained accumulation by long-term holders.
Bullish Technical Setup:
The ongoing consolidation between $100,000 and $110,000 is forming a wedge pattern—a classic bullish continuation structure. This suggests the market is coiling for its next major move.
Key Levels to Watch:
Immediate Resistance: $112,500
Support Zone: Holding above $100,000 keeps the bullish case intact
Measured Move Target: $130,000–$135,000
Outlook:
This tight consolidation signals a healthy pause in a strong uptrend, positioning Bitcoin for a potential breakout and continuation higher. All signs point to the bulls remaining firmly in control.
#Bitcoin #BTC #TechnicalAnalysis #BullishWedge #CryptoMarket #InstitutionalBuying #PriceAction #Geopolitics #SupportAndResistance #BullRun
Despite rising geopolitical tensions, Bitcoin remains resilient, trading near recent highs. This stability reflects strong institutional confidence and sustained accumulation by long-term holders.
Bullish Technical Setup:
The ongoing consolidation between $100,000 and $110,000 is forming a wedge pattern—a classic bullish continuation structure. This suggests the market is coiling for its next major move.
Key Levels to Watch:
Immediate Resistance: $112,500
Support Zone: Holding above $100,000 keeps the bullish case intact
Measured Move Target: $130,000–$135,000
Outlook:
This tight consolidation signals a healthy pause in a strong uptrend, positioning Bitcoin for a potential breakout and continuation higher. All signs point to the bulls remaining firmly in control.
#Bitcoin #BTC #TechnicalAnalysis #BullishWedge #CryptoMarket #InstitutionalBuying #PriceAction #Geopolitics #SupportAndResistance #BullRun
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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.