Bitcoin has rebounded strongly from the $112K support zone, aligned with the ascending trendline from late June. Price is now approaching the $122K resistance area, which previously capped upside moves. The Stoch RSI is entering overbought territory, suggesting a potential pause or minor pullback before any breakout attempt. A confirmed close above $122K could open the door toward $125K–$127K, while losing $116K risks a return to the $112K support region.
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Explore 5,000 Strategies at quanttradingpro.com
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Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.