Bitcoin is currently consolidating around $105,523 after a strong rally and forming a short-term sideways structure. It is still unable to break the immediate resistance of $ 111 K.
Key Technical Observations:
BTC has been ranging between $101,409 and $105,523
RSI at ~51.38 indicates a neutral zone, signaling indecision in momentum
Support holding at $105,396, but price action is flat
Bulls need to reclaim $111,633 to regain momentum
Major Levels to Watch:
Resistance: $111,633 → $122,318
Support: $105,396 → $101,409 → $97,340 → $93,343
A break above $111,633 could trigger bullish continuation, while a fall below $101,409 might open the path to deeper support zones.
Patience is key — wait for breakout confirmation before making moves.
This is not financial advice. Always DYOR and manage risk.
Like, share & comment if you find this analysis helpful!
#Bitcoin #BTC #BTCUSDT
Key Technical Observations:
BTC has been ranging between $101,409 and $105,523
RSI at ~51.38 indicates a neutral zone, signaling indecision in momentum
Support holding at $105,396, but price action is flat
Bulls need to reclaim $111,633 to regain momentum
Major Levels to Watch:
Resistance: $111,633 → $122,318
Support: $105,396 → $101,409 → $97,340 → $93,343
A break above $111,633 could trigger bullish continuation, while a fall below $101,409 might open the path to deeper support zones.
Patience is key — wait for breakout confirmation before making moves.
This is not financial advice. Always DYOR and manage risk.
Like, share & comment if you find this analysis helpful!
#Bitcoin #BTC #BTCUSDT
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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.
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.