Bitcoin is flashing strong bullish signals as it continues to hold within a well-defined long-term ascending channel. After a technical bounce from the nearby support zone around 99,614, BTC has regained momentum and is now approaching a key resistance FVG cluster — a potential launchpad for a breakout.
The price structure shows a series of higher lows combined with healthy pullbacks, indicating accumulation and capital rotation back into BTC. A “break–pullback–continuation” pattern is forming, pointing to a likely move toward the psychological resistance level at 120,000 — a target highlighted by many professional traders since the start of the quarter.
Fundamental factors supporting the uptrend:
Large capital inflows are returning to U.S. Bitcoin ETFs, signaling renewed institutional confidence in the bull cycle.
Expectations that the Fed will hold rates steady are weighing on the USD, creating a favorable environment for risk assets like BTC.
Altcoin volatility is fading — often a sign that capital is rotating back into BTC as the market’s leading asset.
The price structure shows a series of higher lows combined with healthy pullbacks, indicating accumulation and capital rotation back into BTC. A “break–pullback–continuation” pattern is forming, pointing to a likely move toward the psychological resistance level at 120,000 — a target highlighted by many professional traders since the start of the quarter.
Fundamental factors supporting the uptrend:
Large capital inflows are returning to U.S. Bitcoin ETFs, signaling renewed institutional confidence in the bull cycle.
Expectations that the Fed will hold rates steady are weighing on the USD, creating a favorable environment for risk assets like BTC.
Altcoin volatility is fading — often a sign that capital is rotating back into BTC as the market’s leading asset.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.