BTC is showing strength after bouncing from the $105K support zone. It’s now trying to break above $108.5K.
If that happens, the next target could be around $111K–$112K.
The trend looks positive with growing momentum, but if BTC drops below $105K, this move could fail.
For now, bulls are in control.
Let’s see if they can keep it going.
DYRO, NFA
Trade active
Bitcoin has broken out of its descending wedge on the 6H chart after tapping the bullish order block near $ 105,000. The price is now retesting the $ 108,000 zone.If this level holds, we could see a move toward $112K.
The next few candles are key.
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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.