🔍 Bitcoin (BTC/USD) 4H Analysis – Potential Breakout Ahead
Price action is currently moving within an ascending channel on the 4-hour chart. BTC has tested the upper boundary multiple times, indicating increasing bullish pressure.
📈 Bullish Breakout Scenario: If price breaks and sustains above the current channel, we may witness a continuation to the upside with potential targets at:
🎯 TP1: 111,672
🎯 TP2: 120,123
🟢 Extended Target Zone: 122,128
This projection aligns with the breakout potential of the consolidation zone and market structure observed over the past few weeks.
📉 Invalidation Level:
If BTC breaks below the support zone near 104,660, the bullish bias may be invalidated.
📊 Technical Outlook:
Price is respecting the channel formation.
Volume spikes are indicating possible institutional interest.
Momentum is building toward the upside.
⚠️ Disclaimer: This is a technical analysis based on current chart structure. It is shared purely for educational purposes and does not constitute financial advice.
#Bitcoin #BTCUSD #Breakout #CryptoAnalysis
Price action is currently moving within an ascending channel on the 4-hour chart. BTC has tested the upper boundary multiple times, indicating increasing bullish pressure.
📈 Bullish Breakout Scenario: If price breaks and sustains above the current channel, we may witness a continuation to the upside with potential targets at:
🎯 TP1: 111,672
🎯 TP2: 120,123
🟢 Extended Target Zone: 122,128
This projection aligns with the breakout potential of the consolidation zone and market structure observed over the past few weeks.
📉 Invalidation Level:
If BTC breaks below the support zone near 104,660, the bullish bias may be invalidated.
📊 Technical Outlook:
Price is respecting the channel formation.
Volume spikes are indicating possible institutional interest.
Momentum is building toward the upside.
⚠️ Disclaimer: This is a technical analysis based on current chart structure. It is shared purely for educational purposes and does not constitute financial advice.
#Bitcoin #BTCUSD #Breakout #CryptoAnalysis
Penafian
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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.