This chart is screaming breakout.
BTC has been coiling inside this falling wedge for weeks and every dip into the demand zone near 110K–112K has been aggressively defended (check those green arrows). Now? Price is pressing hard against wedge resistance right at the top.
This is compression before expansion.
⚡What I'm Watching:
🎯 My Bullish Targets:
🚨 Invalidation:
A clean break below 112K? I step aside. Until then bullish bias stays on.
BTC has been coiling inside this falling wedge for weeks and every dip into the demand zone near 110K–112K has been aggressively defended (check those green arrows). Now? Price is pressing hard against wedge resistance right at the top.
This is compression before expansion.
⚡What I'm Watching:
- Bullish structure forming: higher lows ✔️
- Price reclaiming key levels ✔️
- Major breakout zone at 115,800–116,000 coming into play
- Break and retest = rocket fuel to 122K and beyond
🎯 My Bullish Targets:
- TP1: 122,000 (magnet level)
- TP2: 128,328 (next HTF target)
🚨 Invalidation:
A clean break below 112K? I step aside. Until then bullish bias stays on.
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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.