BTC/USD is pressing against a key resistance zone near $112,500 for the third time in recent months.
This time, the breakout attempt is backed by a clear ascending trendline, showing sustained bullish pressure from the lows.
Highlights:
Triple top formation? Or ascending triangle breakout?
$112.5K has rejected BTC twice already
Higher lows = buyers stepping in more aggressively
Watch for volume surge and daily close confirmation
Break above = $118K–$120K likely in play.
Reject = revisit of trendline support near $106K.
This time, the breakout attempt is backed by a clear ascending trendline, showing sustained bullish pressure from the lows.
Highlights:
Triple top formation? Or ascending triangle breakout?
$112.5K has rejected BTC twice already
Higher lows = buyers stepping in more aggressively
Watch for volume surge and daily close confirmation
Break above = $118K–$120K likely in play.
Reject = revisit of trendline support near $106K.
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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.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.