At the time of writing, 
BTCUSDT trades at $115,061, holding firmly above the $115,000 support. The models suggest that selling by STHs will remain limited until BTC approaches $127,000, which sits above the previous all-time high of $124,474 and marks the next major profit-taking level.
ForBTCUSDT to reach this target, broader market support will be necessary. Geopolitical tensions remain a drag on sentiment, but renewed investor confidence could aid momentum. Reclaiming $117,261 as support and pushing to $120,000 would set the stage for a potential new all-time high in the near term.
If conditions worsen,BTCUSDT risks losing $115,000 support, with a possible decline to $112,526 or lower. Such a move would invalidate the bullish thesis and highlight the vulnerability of BTC to external pressures, reinforcing caution among traders while the market reassesses its trajectory.
BTCUSDT trades at $115,061, holding firmly above the $115,000 support. The models suggest that selling by STHs will remain limited until BTC approaches $127,000, which sits above the previous all-time high of $124,474 and marks the next major profit-taking level.For
BTCUSDT to reach this target, broader market support will be necessary. Geopolitical tensions remain a drag on sentiment, but renewed investor confidence could aid momentum. Reclaiming $117,261 as support and pushing to $120,000 would set the stage for a potential new all-time high in the near term.If conditions worsen,
BTCUSDT risks losing $115,000 support, with a possible decline to $112,526 or lower. Such a move would invalidate the bullish thesis and highlight the vulnerability of BTC to external pressures, reinforcing caution among traders while the market reassesses its trajectory.
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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.
Truly Unbiased Cryptocurrency News beincrypto.com
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.