Now that BTCUSD has reached our previous target at 107,848, we are updating our forecast.
The market remains structurally bullish, with the next upside objective at 109,400.
Although we've seen a reaction from a short-term supply zone, a slight pullback or pause is possible. However, due to visible liquidity resting above, there's a strong likelihood that price will extend higher toward 109,400.
At that point, we will closely monitor price action for signs of exhaustion or reversal to evaluate potential short opportunities.
The market remains structurally bullish, with the next upside objective at 109,400.
Although we've seen a reaction from a short-term supply zone, a slight pullback or pause is possible. However, due to visible liquidity resting above, there's a strong likelihood that price will extend higher toward 109,400.
At that point, we will closely monitor price action for signs of exhaustion or reversal to evaluate potential short opportunities.
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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.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
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.