BTC is stuck in a box – Big move coming soon!Bitcoin has hit $110K resistance three times and failed. It's moving sideways inside a big box. A breakout is coming – either up or down.
🔸 Support at $104.7k–$100k:
50 EMA is around $104.7K, acting as the first support. Strong support is at $100K. If the price drops here, it’s a good place to buy.
🔸 Targets:
If BTC closes above $110K, we can see a quick move to $115K or even $120K.
🔸 Risk Level at $99k:
If price falls below $99K, the bullish setup is no longer valid. In that case, BTC might go down to $95K or even $90K.
🔸 Outlook:
✅ Watch for a close above $110K to enter a breakout trade.
✅ If price drops, look to buy near $100K–$105K.
Wait for confirmation — the next big move is near!
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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.
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.