📊 Bitcoin Price Update: Key Resistance Zone Between $110K and $111.7K — Range-Bound Potential Ahead
As previously mentioned, Bitcoin's price action suggests that a break above $106,355 would signal the start of a bullish trend, and so far, we've seen upward momentum maintained while staying above $107K.
Now, Bitcoin has reached a critical resistance zone between $110,246.83 and $111,782.11. This area presents a potential for market hesitation, as it aligns with a strong resistance level. Given the significant movement over the past few days, it’s possible the market may enter a range-bound phase as it consolidates and structures itself for the next move.
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📉 Possible Short-Term Range:
Range Between: $110,246.83 to $111,782.11
Expect possible sideways consolidation before continuing the trend
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📈 Bullish Continuation:
As long as Bitcoin remains above $107K, the bullish trend remains intact
Break above $111,782.11 may signal continuation toward higher targets
As previously mentioned, Bitcoin's price action suggests that a break above $106,355 would signal the start of a bullish trend, and so far, we've seen upward momentum maintained while staying above $107K.
Now, Bitcoin has reached a critical resistance zone between $110,246.83 and $111,782.11. This area presents a potential for market hesitation, as it aligns with a strong resistance level. Given the significant movement over the past few days, it’s possible the market may enter a range-bound phase as it consolidates and structures itself for the next move.
---
📉 Possible Short-Term Range:
Range Between: $110,246.83 to $111,782.11
Expect possible sideways consolidation before continuing the trend
---
📈 Bullish Continuation:
As long as Bitcoin remains above $107K, the bullish trend remains intact
Break above $111,782.11 may signal continuation toward higher targets
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.