#BTC UPDATE
#Bitcoin has printed a new weekly high, confirming the ongoing strength of the broader uptrend. Both the 21 EMA (yellow) and the 55 EMA (green) are trending upward, indicating that medium-term momentum remains bullish.
The key structural level to focus on is the former weekly resistance around $120,000, which Bitcoin has successfully broken above. As long as the price holds above this level on a closing basis, the bullish bias will remain intact.
If the breakout holds, the next potential target lies in the mid-$130K range.
However, if Bitcoin closes below $120,000, the move would be neutralized, potentially opening the door for a retest of the EMAs in the $112K–$114K zone.
For now, both the trend structure and EMAs suggest that the continuation of this bullish trend is likely.
#Bitcoin has printed a new weekly high, confirming the ongoing strength of the broader uptrend. Both the 21 EMA (yellow) and the 55 EMA (green) are trending upward, indicating that medium-term momentum remains bullish.
The key structural level to focus on is the former weekly resistance around $120,000, which Bitcoin has successfully broken above. As long as the price holds above this level on a closing basis, the bullish bias will remain intact.
If the breakout holds, the next potential target lies in the mid-$130K range.
However, if Bitcoin closes below $120,000, the move would be neutralized, potentially opening the door for a retest of the EMAs in the $112K–$114K zone.
For now, both the trend structure and EMAs suggest that the continuation of this bullish trend is likely.
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Register on Blofin, Toobit and BingX and trade with me: 👇
toobit.com/t/CryptoMojo
partner.blofin.com/d/Cryptomojo
bingx.com/invite/WKCI5X/
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
toobit.com/t/CryptoMojo
partner.blofin.com/d/Cryptomojo
bingx.com/invite/WKCI5X/
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.