Market Overview
Bitcoin is currently trading at $118,788, with an intraday high of $119,311. The market has recently tested a major resistance zone and is showing signs of a potential pullback toward a key demand zone before a possible continuation to higher levels.
Projected Scenario (Bullish Bias)
Expected pullback to the support zone around $105K – $108K.
If price holds and shows a bullish reversal, a breakout above $124K is expected.
Primary upside target: $142,807 (Fibonacci projection / potential new high).
Bitcoin is currently trading at $118,788, with an intraday high of $119,311. The market has recently tested a major resistance zone and is showing signs of a potential pullback toward a key demand zone before a possible continuation to higher levels.
Projected Scenario (Bullish Bias)
Expected pullback to the support zone around $105K – $108K.
If price holds and shows a bullish reversal, a breakout above $124K is expected.
Primary upside target: $142,807 (Fibonacci projection / potential new high).
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.
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.