Bitcoin appears to be forming a bullish range, suggesting the market is entering a correction and consolidation phase. The current trading range is observed between 108K and 113K, indicating that price action is stabilizing before a potential breakout.
Technically, this range-bound movement reflects market indecision and accumulation, often preceding a larger directional move. If BTC manages to close above 110K, it would signal a shift in momentum and the possible start of a new bullish trend.
In such a scenario, the next upside targets could be seen around 116K–118K, aligning with key resistance levels and Bitcoin is currently consolidating within a range between 108K and 110K. A confirmed breakout and daily close above 113K could signal further upside momentum.
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis Thanks for Supporitng.
Technically, this range-bound movement reflects market indecision and accumulation, often preceding a larger directional move. If BTC manages to close above 110K, it would signal a shift in momentum and the possible start of a new bullish trend.
In such a scenario, the next upside targets could be seen around 116K–118K, aligning with key resistance levels and Bitcoin is currently consolidating within a range between 108K and 110K. A confirmed breakout and daily close above 113K could signal further upside momentum.
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis Thanks for Supporitng.
Join My telegram Channel
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
Penerbitan berkaitan
Penafian
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.
Join My telegram Channel
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
Penerbitan berkaitan
Penafian
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.