Bitcoin continues to trade within a clear upward trend channel, with multiple Fair Value Gaps acting as strong support zones. After rebounding from the 104,960 area, price successfully retested the ascending trendline and returned to the previous accumulation zone.
Currently, BTC is consolidating near short-term resistance, but bullish momentum remains dominant. As long as price holds above 104,960, a breakout toward the extended resistance zone at 116,971 remains a likely scenario.
Trend: Bullish
Support: 104,960
Resistance: 116,971
Strategy: Favor buying on dips as long as price holds above the trendline and FVG. Nearest target around 116,971.
Currently, BTC is consolidating near short-term resistance, but bullish momentum remains dominant. As long as price holds above 104,960, a breakout toward the extended resistance zone at 116,971 remains a likely scenario.
Trend: Bullish
Support: 104,960
Resistance: 116,971
Strategy: Favor buying on dips as long as price holds above the trendline and FVG. Nearest target around 116,971.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.