1️⃣ Market Structure
BTC remains ultra bullish. A new high was hit last week at 112K.
Since then, price is consolidating slightly around 110K with no major weakness showing.
2️⃣ Key Levels
📍 Main support: 108K (previous ATH)
🎯 Current resistance: 112K
🧭 Fibo extensions: targets projected at 130K–135K
3️⃣ Context & Momentum
🏦 Institutional interest remains strong
💵 Weakening USD = bullish for BTC
⚖️ Overall sentiment still favors upside despite market caution
4️⃣ Scenarios to watch
📈 Bullish: Break above 112K could trigger a run to 130K+
📉 Bearish: Break below 108K may open room for a retest of 103–100K
✅ Conclusion
BTC is gearing up for the next leg. As long as 108K holds, the bias stays bullish.
📆 This week could be the one that triggers the breakout.
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.
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.