BTC/USD (H4) — Bullish Reversal Setup
Bitcoin is currently showing signs of a potential bullish reversal after reaching a key support level around the $108,000 zone.
The price has formed a falling wedge pattern, which typically signals a trend reversal once a breakout occurs.
Key observations:
🔹 Support Level: Strong demand zone around $108,000 has held multiple times.
🔹 Falling Wedge: Market compression indicates sellers losing momentum.
🔹 Order Block: A key resistance area lies between $113,000–$114,000.
🔹 Target: Once price breaks above the wedge and reclaims the order block, the next target sits near $114,347.
Bias: Bullish
Target: $114,347
Timeframe: 4H (Medium-term outlook)
Invalidation: A 4H close below $107,800 would negate this bullish setup.
Bitcoin is currently showing signs of a potential bullish reversal after reaching a key support level around the $108,000 zone.
The price has formed a falling wedge pattern, which typically signals a trend reversal once a breakout occurs.
Key observations:
🔹 Support Level: Strong demand zone around $108,000 has held multiple times.
🔹 Falling Wedge: Market compression indicates sellers losing momentum.
🔹 Order Block: A key resistance area lies between $113,000–$114,000.
🔹 Target: Once price breaks above the wedge and reclaims the order block, the next target sits near $114,347.
Bias: Bullish
Target: $114,347
Timeframe: 4H (Medium-term outlook)
Invalidation: A 4H close below $107,800 would negate this bullish setup.
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capital
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🔥 What You'll Get:
✅Daily Forex signals with high accuracy
✅Technical & fundamental analysis
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capital
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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.