BTC is trading around 117,800 USD, well above both the EMA 50 (111,800) and the pivot level (105,300), confirming bullish dominance. Price remains below the upper Bollinger Band (123,400), leaving potential room for continuation.
Momentum stays constructive, with RSI at 60 and MACD in a strong positive zone, reflecting sustained upward pressure. As long as price holds above EMA 50 and pivot, the next upside targets lie at 123,400 and R1 at 110,000 has already been surpassed.
Volume has dropped significantly (-31%), suggesting the latest move could lack conviction or represent a pause rather than a breakout.
As long as BTC holds above 111,800, the bullish scenario remains intact.
Watch for any rejection near 123,400 or a close back below the EMA as potential invalidation signals.
Momentum stays constructive, with RSI at 60 and MACD in a strong positive zone, reflecting sustained upward pressure. As long as price holds above EMA 50 and pivot, the next upside targets lie at 123,400 and R1 at 110,000 has already been surpassed.
Volume has dropped significantly (-31%), suggesting the latest move could lack conviction or represent a pause rather than a breakout.
As long as BTC holds above 111,800, the bullish scenario remains intact.
Watch for any rejection near 123,400 or a close back below the EMA as potential invalidation signals.
The trend is your friend, until it's not...
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.
The trend is your friend, until it's not...
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.