Historic Breakout:
Bitcoin has officially entered uncharted territory, breaking decisively above the previous all-time high of $108,364 to surge past $110,000. This isn’t just psychological — it's a clear technical confirmation that the corrective phase is over and a new bullish cycle is underway.
Momentum Without Pause:
The impressive rally has unfolded with minimal pullbacks, a sign of:
Strong institutional accumulation
Growing retail FOMO
This sustained buying pressure suggests we’re witnessing more than a short-term rally — this could be the start of a parabolic move.
Risk Management & Key Support:
Even with minor pullbacks, the technical picture remains bullish.
The $102,000–$106,000 zone (previous resistance) is now key support
This area offers a strategic entry point for those waiting to buy the dip
Price Discovery Mode:
Now in true price discovery, Bitcoin faces no historical resistance overhead. The path of least resistance remains upward, with potential for explosive gains as we move into the summer months.
🚀 Next stop? Price targets in the $130K+ zone may soon come into focus.
#Bitcoin #BTC #AllTimeHigh #CryptoBreakout #PriceDiscovery #BullRun #CryptoMarket #TechnicalAnalysis #BitcoinToTheMoon
Bitcoin has officially entered uncharted territory, breaking decisively above the previous all-time high of $108,364 to surge past $110,000. This isn’t just psychological — it's a clear technical confirmation that the corrective phase is over and a new bullish cycle is underway.
Momentum Without Pause:
The impressive rally has unfolded with minimal pullbacks, a sign of:
Strong institutional accumulation
Growing retail FOMO
This sustained buying pressure suggests we’re witnessing more than a short-term rally — this could be the start of a parabolic move.
Risk Management & Key Support:
Even with minor pullbacks, the technical picture remains bullish.
The $102,000–$106,000 zone (previous resistance) is now key support
This area offers a strategic entry point for those waiting to buy the dip
Price Discovery Mode:
Now in true price discovery, Bitcoin faces no historical resistance overhead. The path of least resistance remains upward, with potential for explosive gains as we move into the summer months.
🚀 Next stop? Price targets in the $130K+ zone may soon come into focus.
#Bitcoin #BTC #AllTimeHigh #CryptoBreakout #PriceDiscovery #BullRun #CryptoMarket #TechnicalAnalysis #BitcoinToTheMoon
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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.