Bitcoin just kissed the channel roof at 109–110 k. Same line has stuffed every rally since April, so 112 k on a daily close is the whole story: print it and we leave the dungeon.
Under the hood the bulls finally have ammo – price back above the 50-day, bands squeezed, volume upticking, RSI mid-50s. Enough spark to torch shorts if resistance snaps.
Range Followers aren’t sweating. Their cash machine is simple: dump 110 k, scoop 100 k. Holiday liquidity = fake-out heaven. Slip under 105 k and gravity drags us straight to that comfy demand couch.
So it’s binary: close over 112 k, momentum fires toward 118 k; fail, and we ping-pong in the box again. Pick a side, slap on a stop, and remember: Bitcoin’s favourite sport is humiliating whichever crowd screams loudest.
Under the hood the bulls finally have ammo – price back above the 50-day, bands squeezed, volume upticking, RSI mid-50s. Enough spark to torch shorts if resistance snaps.
Range Followers aren’t sweating. Their cash machine is simple: dump 110 k, scoop 100 k. Holiday liquidity = fake-out heaven. Slip under 105 k and gravity drags us straight to that comfy demand couch.
So it’s binary: close over 112 k, momentum fires toward 118 k; fail, and we ping-pong in the box again. Pick a side, slap on a stop, and remember: Bitcoin’s favourite sport is humiliating whichever crowd screams loudest.
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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.