FenzoFx—Bitcoin formed equal highs after sweeping liquidity above $117,046.00 on Friday. Technically, Bitcoin remains bullish due to Friday’s price displacement.
Immediate resistance lies at $113,677.00. If bulls close and stabilize above this level, the uptrend may resume, targeting the equal highs at $117,046.00. A further rise could fill half of the bearish fair value gap toward $119,700.00.
Currently, no bearish setup is expected unless BTC reaches the premium price zone of $119,700.00 and above.
Immediate resistance lies at $113,677.00. If bulls close and stabilize above this level, the uptrend may resume, targeting the equal highs at $117,046.00. A further rise could fill half of the bearish fair value gap toward $119,700.00.
Currently, no bearish setup is expected unless BTC reaches the premium price zone of $119,700.00 and above.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.