Bitcoin is retesting a clean 4H ascending trendline after forming a local higher low — with Stoch RSI starting to turn upward from the bottom. This trendline has acted as reliable support since early July.
If price continues to hold and flip the mid-range ($116K), the next major test comes at the overhead supply zone ($119K–$121K), where price was previously rejected multiple times.
Key levels to watch:
– Trendline support (currently holding)
– Mid-range reclaim (~116K)
– Supply zone rejection or breakout (119K–121K)
– Stoch RSI bounce = potential early signal
Bullish continuation hinges on strength through supply — otherwise, this may form another lower high. Watching for confirmation from price action + momentum.
If price continues to hold and flip the mid-range ($116K), the next major test comes at the overhead supply zone ($119K–$121K), where price was previously rejected multiple times.
Key levels to watch:
– Trendline support (currently holding)
– Mid-range reclaim (~116K)
– Supply zone rejection or breakout (119K–121K)
– Stoch RSI bounce = potential early signal
Bullish continuation hinges on strength through supply — otherwise, this may form another lower high. Watching for confirmation from price action + momentum.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.