BTCUSDT reclaimed the 115k pivot after breaking a local channel that formed within a larger wedge. The surge from triangle consolidation, followed by a controlled pullback and higher‑low, suggests accumulation rather than distribution. As long as 113–115k holds, targets line up at 118.5k, 121k and the extension toward 124–126k along the rising trend fan. Only a decisive close below 112k would invalidate the immediate bullish bias and reopen 109–110k. For now, constructive momentum and structure favor continuation.
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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.