Bitcoin continues to coil within a bullish consolidation zone above the critical $114.5k–$117.5k Immediate Demand Zone, firmly riding the ascending channel structure that has guided price since the March swing low. The prior wave structure confirms a clean ABC correction, followed by a powerful breakout and a structured range indicative of accumulation, not exhaustion.
The RSI shows persistent bullish divergence, confirming hidden strength, with multiple support bounces confirming demand. The current tight consolidation above former resistance now flipped demand presents a launchpad scenario for a breakout towards major projected upside targets.
Targets to Watch:
🟢 $123,053 – Range breakout threshold, aligns with channel midline and prior local high.
🟢 $134,428 – Measured move from current range and top channel boundary intersection.
🟢 $152,174 – Final leg projection based on macro channel trajectory and bullish wave extension potential.
On the downside, failure to hold $114.5k opens the door to a test of the $105k Strong Support Zone, which aligns with prior structural demand and broader trendline confluence.
💬 Drop your favorite altcoins in the comments for quick analysis, let's catch the next movers before they fly!
The RSI shows persistent bullish divergence, confirming hidden strength, with multiple support bounces confirming demand. The current tight consolidation above former resistance now flipped demand presents a launchpad scenario for a breakout towards major projected upside targets.
Targets to Watch:
🟢 $123,053 – Range breakout threshold, aligns with channel midline and prior local high.
🟢 $134,428 – Measured move from current range and top channel boundary intersection.
🟢 $152,174 – Final leg projection based on macro channel trajectory and bullish wave extension potential.
On the downside, failure to hold $114.5k opens the door to a test of the $105k Strong Support Zone, which aligns with prior structural demand and broader trendline confluence.
💬 Drop your favorite altcoins in the comments for quick analysis, let's catch the next movers before they fly!
Note
Bullish flag and pole formation on the lower timeframe, focus on the upper trendline, the breakout will come with good volume.Trade active
Price experienced a sudden drop towards $114K and bounced off that level. However, there remains a possibility of a fake out extending as low as $111,111 before the real upside move resumes. It's important to trade with caution and remain mindful of a potential breakdown, should it occur.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.