Bitcoin (
BTCUSDT) continues to maintain its bullish structure, now trading around $106.6K. While price action looks strong, the market is approaching a key resistance zone between $110K–$120K, with technical signals hinting at a possible short-term rejection before further upside.
🔍 Technical Overview
Current Price: $106,654
Resistance Zone: $110K – $120K
Support Zone for Pullback: $98K – $100K
200 EMA & 100 EMA: Still trending up and providing strong base support
The chart suggests a potential "rejection-retest-rally" structure forming, where BTC may temporarily pull back before making a fresh push toward new highs.
📊 Momentum & Indicators
Stochastic RSI on the daily timeframe recently bottomed and is starting to curl back up — a potential bullish shift in momentum
Volume remains stable — no signs of aggressive distribution or FOMO activity yet
💬 Sentiment & Structure
The current structure remains healthy, with HH-HL (higher high - higher low) formation intact. Market sentiment is optimistic but not yet euphoric, which is ideal for continued accumulation.
Short-term traders may look for a pullback opportunity near the $98K–$100K zone before re-entering.
🎯 Mid-Term Outlook
If BTC holds the $98K–$100K range during a pullback, it could act as a springboard toward the $120K target in the coming weeks.
✅ Summary
🔵 Bullish trend intact
📉 Possible short-term pullback before breakout
📈 Mid-term target remains: $120K
🚫 Avoid chasing breakouts — position wisely at key supports
Let the price come to you. Patience pays more than FOMO.
BTCUSDT) continues to maintain its bullish structure, now trading around $106.6K. While price action looks strong, the market is approaching a key resistance zone between $110K–$120K, with technical signals hinting at a possible short-term rejection before further upside.🔍 Technical Overview
Current Price: $106,654
Resistance Zone: $110K – $120K
Support Zone for Pullback: $98K – $100K
200 EMA & 100 EMA: Still trending up and providing strong base support
The chart suggests a potential "rejection-retest-rally" structure forming, where BTC may temporarily pull back before making a fresh push toward new highs.
📊 Momentum & Indicators
Stochastic RSI on the daily timeframe recently bottomed and is starting to curl back up — a potential bullish shift in momentum
Volume remains stable — no signs of aggressive distribution or FOMO activity yet
💬 Sentiment & Structure
The current structure remains healthy, with HH-HL (higher high - higher low) formation intact. Market sentiment is optimistic but not yet euphoric, which is ideal for continued accumulation.
Short-term traders may look for a pullback opportunity near the $98K–$100K zone before re-entering.
🎯 Mid-Term Outlook
If BTC holds the $98K–$100K range during a pullback, it could act as a springboard toward the $120K target in the coming weeks.
✅ Summary
🔵 Bullish trend intact
📉 Possible short-term pullback before breakout
📈 Mid-term target remains: $120K
🚫 Avoid chasing breakouts — position wisely at key supports
Let the price come to you. Patience pays more than FOMO.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.