Bitcoin has officially broken out of a descending trendline and just made a new local ATH, flipping key resistance into support.
Structure:
Descending wedge breakout
Clean move above 111.8K zone
Confirmation pending with retest
Strategy:
Wait for the retest of the breakout zone for ideal entry.
Entry: 110.5K – 111.2K (on confirmation)
Stop Loss: 108.5K
Targets:
113.5K (minor)
116.8K
122.3K
Expected Move: ~10%–12% upside
BTC continues to show strength, and the breakout confirms bullish momentum. This is the Ideal time to watch for long entries on pullbacks.
DYOR | Not financial advice
Structure:
Descending wedge breakout
Clean move above 111.8K zone
Confirmation pending with retest
Strategy:
Wait for the retest of the breakout zone for ideal entry.
Entry: 110.5K – 111.2K (on confirmation)
Stop Loss: 108.5K
Targets:
113.5K (minor)
116.8K
122.3K
Expected Move: ~10%–12% upside
BTC continues to show strength, and the breakout confirms bullish momentum. This is the Ideal time to watch for long entries on pullbacks.
DYOR | Not financial advice
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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.
Related publications
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.