Bitcoin shows a strong bullish structure on the 4H timeframe after breaking and holding above key EMAs (20/50/100/200). Price is consolidating just above the breakout zone, suggesting potential continuation.
Support Levels:
$105,396
$101,409
$97,340
$93,343
Resistance Levels:
Immediate: $111,633
Major Target: $122,318 (+9.06% potential upside)
Indicators:
RSI: Holding at ~63.7, still below overbought — suggests room for momentum.
EMA Confluence: All major EMAs are aligned below price, acting as dynamic support.
If BTC holds above $109K, a move toward $122K looks likely. A clean breakout above $111.6K could ignite the next leg up.
Bullish bias intact
Target: $122,318
Risk Management: Watch for invalidation if price breaks below $105K.
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#BTCUSDT #Bitcoin #Crypto #TradingView
Support Levels:
$105,396
$101,409
$97,340
$93,343
Resistance Levels:
Immediate: $111,633
Major Target: $122,318 (+9.06% potential upside)
Indicators:
RSI: Holding at ~63.7, still below overbought — suggests room for momentum.
EMA Confluence: All major EMAs are aligned below price, acting as dynamic support.
If BTC holds above $109K, a move toward $122K looks likely. A clean breakout above $111.6K could ignite the next leg up.
Bullish bias intact
Target: $122,318
Risk Management: Watch for invalidation if price breaks below $105K.
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#BTCUSDT #Bitcoin #Crypto #TradingView
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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.
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.