Bitcoin is forming a strong rounding bottom pattern on the 4H chart, indicating a potential bullish continuation. Price has broken above the range and is now retesting near the demand zone at 118,000 – 116,000 USDT. If buyers hold this level, the next target sits near the weak high at 122,000 and potentially the major resistance at 128,000 USDT.
Key levels to watch:
Support: 114,000 – 116,000 USDT (demand zone)
Resistance: 122,000 and 128,000 USDT
Pattern: Rounding Bottom, bullish structure after ChoCH confirmation.
This is a technical analysis idea, not financial advice. Please manage risk accordingly
Key levels to watch:
Support: 114,000 – 116,000 USDT (demand zone)
Resistance: 122,000 and 128,000 USDT
Pattern: Rounding Bottom, bullish structure after ChoCH confirmation.
This is a technical analysis idea, not financial advice. Please manage risk accordingly
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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.