Analysis:
I was bullish on BTCUSD from 122,700, with my first target at 124,596 and second target at 128,094.
The resistance zone is seen between 126,245 – 127,295, while key support rests at 118,400 – 119,300.
🔹 Technical Outlook
BTC continues to respect its bullish structure, maintaining higher highs and higher lows. Price has shown strong buying interest near 122,700, indicating that buyers are still defending mid-range support.
If BTC breaks and sustains above 127,295, we could see momentum extend toward 128,094. Conversely, dips into 119,300 – 118,400 may offer renewed buying opportunities as long as the broader trend remains intact.
🔹 Analysis Insight
Momentum remains positive, and the trend still favors buyers while BTC trades above support zones. Traders should monitor the 126,245 – 127,295 area for potential reactions or consolidations before the next leg up.
👉 If you find this analysis helpful, don’t forget to Like 👍, Comment 💬, and Share 🔄 your thoughts below!
Your feedback helps improve future updates.
Regards: Forex Insights Pro.
📊 #BTCUSD #Bitcoin #CryptoAnalysis #TradingView #BTC #PriceAction #CryptoCommunity #BTCUpdate
I was bullish on BTCUSD from 122,700, with my first target at 124,596 and second target at 128,094.
The resistance zone is seen between 126,245 – 127,295, while key support rests at 118,400 – 119,300.
🔹 Technical Outlook
BTC continues to respect its bullish structure, maintaining higher highs and higher lows. Price has shown strong buying interest near 122,700, indicating that buyers are still defending mid-range support.
If BTC breaks and sustains above 127,295, we could see momentum extend toward 128,094. Conversely, dips into 119,300 – 118,400 may offer renewed buying opportunities as long as the broader trend remains intact.
🔹 Analysis Insight
Momentum remains positive, and the trend still favors buyers while BTC trades above support zones. Traders should monitor the 126,245 – 127,295 area for potential reactions or consolidations before the next leg up.
👉 If you find this analysis helpful, don’t forget to Like 👍, Comment 💬, and Share 🔄 your thoughts below!
Your feedback helps improve future updates.
Regards: Forex Insights Pro.
📊 #BTCUSD #Bitcoin #CryptoAnalysis #TradingView #BTC #PriceAction #CryptoCommunity #BTCUpdate
join our free signal channel t.me/ForexGoldpips81
Disclaimer
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 our free signal channel t.me/ForexGoldpips81
Disclaimer
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.