Bitcoin is holding firmly above the ascending trendline, consolidating within the accumulation range of $98,000 to $117,000. The current structure suggests that buyers remain in control, especially after a strong rebound from the $98,450 support zone.
In terms of news, BTC has been slightly affected by market concerns over new U.S. tariffs. However, on-chain data still shows strong accumulation around the $108,000 level. If this base holds, BTCUSDT could break out toward the $117,424 target in the near term. Conversely, if the trendline fails, the $98,000 level will be the final stronghold for the bulls.
In terms of news, BTC has been slightly affected by market concerns over new U.S. tariffs. However, on-chain data still shows strong accumulation around the $108,000 level. If this base holds, BTCUSDT could break out toward the $117,424 target in the near term. Conversely, if the trendline fails, the $98,000 level will be the final stronghold for the bulls.
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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.