We’re pivoting back to Bitcoin (BTCUSD) this week after its recent breakout to fresh all-time highs. It’s a strong reminder that the broader trend remains bullish, and the bulls are still very much in control.
🔍 On the daily chart, we’re watching a new wedge formation develop. BTC is currently consolidating just beneath a major resistance zone. A break and daily close above the $124K–$125K range would likely confirm the next leg of this bull cycle.
📈 If the breakout holds, the measured move from the wedge projects a rally into the $138K–$140K zone. That’s our near-term upside target, contingent on momentum and confirmation.
📉 On the downside, support holds firm between $112K–$114K. As long as price remains above this level, the path of least resistance is still higher.
🔍 On the daily chart, we’re watching a new wedge formation develop. BTC is currently consolidating just beneath a major resistance zone. A break and daily close above the $124K–$125K range would likely confirm the next leg of this bull cycle.
📈 If the breakout holds, the measured move from the wedge projects a rally into the $138K–$140K zone. That’s our near-term upside target, contingent on momentum and confirmation.
📉 On the downside, support holds firm between $112K–$114K. As long as price remains above this level, the path of least resistance is still higher.
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Penerbitan berkaitan
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.