📊 Market Overview:
Bitcoin is consolidating around $108–109k, reflecting indecision as investors await clearer signals. Institutional ETF inflows remain strong, and recent moves from 2011-era dormant wallets sparked concern but no major sell-off. Positive ETF news or supportive crypto policies could propel the next move upward.
📉 Technical Analysis:
• Major resistance: $109,500 – $110,500
• Nearest support: $108,000; secondary support at $102,000
• EMA09 (1 h): Price is above the 20 EMA and has reclaimed the 200 SMA on the 1 h chart, signaling a technical rebound
• Candlestick / Volume / Momentum: A mild bounce from $108k with low volume; Bollinger Bands show a mid-range price, hinting at sideways action .
📌 Outlook:
Bitcoin may remain range-bound between $108k and $110k. A breakout above $110.5k with strong volume could push toward $112k–115k. Conversely, a break below $108k might trigger a dip toward $102k.
Suggested Trading Strategy
SELL Bitcoin/USD at: 109,000 – 110,000
🎯 TP: 108,000 / 105,000
❌ SL: 110,800
BUY Bitcoin/USD at: 108,000 – 107,500
🎯 TP: 109,500 / 112,000
❌ SL: 107,000
Bitcoin is consolidating around $108–109k, reflecting indecision as investors await clearer signals. Institutional ETF inflows remain strong, and recent moves from 2011-era dormant wallets sparked concern but no major sell-off. Positive ETF news or supportive crypto policies could propel the next move upward.
📉 Technical Analysis:
• Major resistance: $109,500 – $110,500
• Nearest support: $108,000; secondary support at $102,000
• EMA09 (1 h): Price is above the 20 EMA and has reclaimed the 200 SMA on the 1 h chart, signaling a technical rebound
• Candlestick / Volume / Momentum: A mild bounce from $108k with low volume; Bollinger Bands show a mid-range price, hinting at sideways action .
📌 Outlook:
Bitcoin may remain range-bound between $108k and $110k. A breakout above $110.5k with strong volume could push toward $112k–115k. Conversely, a break below $108k might trigger a dip toward $102k.
Suggested Trading Strategy
SELL Bitcoin/USD at: 109,000 – 110,000
🎯 TP: 108,000 / 105,000
❌ SL: 110,800
BUY Bitcoin/USD at: 108,000 – 107,500
🎯 TP: 109,500 / 112,000
❌ SL: 107,000
Trade active
BTC is still in a short-term sideways range with no signs of a breakout yet.Trade closed: target reached
Bitcoin is still moving sideways in the 108K–109K range, reflecting market indecision after the recent rally. Buyers and sellers are in a tug-of-war, and a clear breakout — especially above 109,500 or below 107,800 — could signal the next direction. For now, the best strategy is to stay observant and wait for a confirmed signal.
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📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
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.