📊 Market Overview:
• Bitcoin trades around $118,660, rebounding from lows near $114,500 earlier this week after a sharp decline. Strong inflows into BTC and ETH ETFs are bolstering market sentiment
• Regulatory clarity via the Genius Act, Clarity Act, along with the U.S. Strategic Bitcoin Reserve, is fueling institutional interest
• High-profile corporate Bitcoin purchases, such as by Trump Media, underscore growing adoption and bullish sentiment in crypto treasuries ________________________________________
📉 Technical Analysis:
• Key resistance: $119,500 – $120,500
• Key support: $115,000 – $114,500
• EMA 09 (H1): Trading above EMA09, indicating short-term bullish bias
• Candlestick / Volume / Momentum:
• BTC is consolidating within a range of $115K–$119K, prepping for potential breakout
• Indicators like RSI and MACD show positive momentum
• At 1-hour chart, a double bottom around $118,950 signals buyer strength near dips
________________________________________
📌 Outlook:
Bitcoin is likely to continue rising in the short term, particularly on a push through $119,500–$120,500. ETF inflows and regulatory tailwinds remain supportive. However, a breakdown below $115,000 may indicate short-term bearish risk toward $112,000.
________________________________________
💡 Trade Setup
🟢 BUY BTC/USD: $115,500 – $116,500
🎯 TP: $119,200 → $120,000
❌ SL: $115,000
🔴 SELL BTC/USD: $120,500 – $121,000
🎯 TP: $119,000 → $118,000
❌ SL: $121,500
• Bitcoin trades around $118,660, rebounding from lows near $114,500 earlier this week after a sharp decline. Strong inflows into BTC and ETH ETFs are bolstering market sentiment
• Regulatory clarity via the Genius Act, Clarity Act, along with the U.S. Strategic Bitcoin Reserve, is fueling institutional interest
• High-profile corporate Bitcoin purchases, such as by Trump Media, underscore growing adoption and bullish sentiment in crypto treasuries ________________________________________
📉 Technical Analysis:
• Key resistance: $119,500 – $120,500
• Key support: $115,000 – $114,500
• EMA 09 (H1): Trading above EMA09, indicating short-term bullish bias
• Candlestick / Volume / Momentum:
• BTC is consolidating within a range of $115K–$119K, prepping for potential breakout
• Indicators like RSI and MACD show positive momentum
• At 1-hour chart, a double bottom around $118,950 signals buyer strength near dips
________________________________________
📌 Outlook:
Bitcoin is likely to continue rising in the short term, particularly on a push through $119,500–$120,500. ETF inflows and regulatory tailwinds remain supportive. However, a breakdown below $115,000 may indicate short-term bearish risk toward $112,000.
________________________________________
💡 Trade Setup
🟢 BUY BTC/USD: $115,500 – $116,500
🎯 TP: $119,200 → $120,000
❌ SL: $115,000
🔴 SELL BTC/USD: $120,500 – $121,000
🎯 TP: $119,000 → $118,000
❌ SL: $121,500
Trade active
Bitcoin is likely to see modest gains in the short term if it holds above $118,000 and breaks through $119,200 – $119,500. A break of $118,000 may signal further downside toward $117,500 or lower.
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
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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.
📊 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.