Hey traders and investors 👋
Here’s my latest look at Bitcoin (BTCUSD) — and things are getting really interesting again.
🔍 Market Overview
Bitcoin is still holding strong inside a clean bullish channel, confirming that the bear cycle from 2022 is long gone.
Since early 2023, we’ve seen a clear structure of higher highs and higher lows, and every previous resistance has now turned into new support — that’s a very healthy sign for the ongoing bull cycle.
Right now, BTC is trading around 124 000 USD, facing mid-channel resistance after bouncing perfectly from the 95 000–100 000 zone — exactly where previous highs flipped into solid support.
📊 Technical View
Trend: Strong uptrend inside a bullish channel
Structure: Higher highs and higher lows fully respected
Support zones:
100 000 USD → key structural support
82 000 USD → major backup level if deeper pullback happens
Resistance zone:
125 000 – 130 000 USD → if this breaks, the 6th high might form soon
📈 My Outlook
As long as BTC keeps holding above 120 000 USD, the bullish momentum stays alive.
A clear breakout and daily close above 130 000 USD could trigger the next wave toward:
138 000 USD
150 000 USD, and maybe beyond if momentum continues.
If we see rejection or a short-term pullback, I’ll be watching the 100 000 USD area as a potential re-entry zone.
That level has acted as a strong support throughout this bull cycle, and I expect buyers to step back in there again if tested.
🧠 Market Sentiment
Overall sentiment remains positive — long-term holders are still accumulating, and the structure remains bullish.
Every correction so far has been a setup for the next push higher, not a trend reversal.
💬 My Take
The bullish structure is still very much intact.
As long as previous highs continue turning into new supports, the uptrend remains valid and we could see a fresh 6th High forming soon.
If we break above 130 000 with volume, that’s where things could accelerate toward new highs in 2026.
⚡ Title Suggestion (for your post)
BTCUSD | Bull Cycle Still Strong – 6th High Formation Ahead 🚀
Here’s my latest look at Bitcoin (BTCUSD) — and things are getting really interesting again.
🔍 Market Overview
Bitcoin is still holding strong inside a clean bullish channel, confirming that the bear cycle from 2022 is long gone.
Since early 2023, we’ve seen a clear structure of higher highs and higher lows, and every previous resistance has now turned into new support — that’s a very healthy sign for the ongoing bull cycle.
Right now, BTC is trading around 124 000 USD, facing mid-channel resistance after bouncing perfectly from the 95 000–100 000 zone — exactly where previous highs flipped into solid support.
📊 Technical View
Trend: Strong uptrend inside a bullish channel
Structure: Higher highs and higher lows fully respected
Support zones:
100 000 USD → key structural support
82 000 USD → major backup level if deeper pullback happens
Resistance zone:
125 000 – 130 000 USD → if this breaks, the 6th high might form soon
📈 My Outlook
As long as BTC keeps holding above 120 000 USD, the bullish momentum stays alive.
A clear breakout and daily close above 130 000 USD could trigger the next wave toward:
138 000 USD
150 000 USD, and maybe beyond if momentum continues.
If we see rejection or a short-term pullback, I’ll be watching the 100 000 USD area as a potential re-entry zone.
That level has acted as a strong support throughout this bull cycle, and I expect buyers to step back in there again if tested.
🧠 Market Sentiment
Overall sentiment remains positive — long-term holders are still accumulating, and the structure remains bullish.
Every correction so far has been a setup for the next push higher, not a trend reversal.
💬 My Take
The bullish structure is still very much intact.
As long as previous highs continue turning into new supports, the uptrend remains valid and we could see a fresh 6th High forming soon.
If we break above 130 000 with volume, that’s where things could accelerate toward new highs in 2026.
⚡ Title Suggestion (for your post)
BTCUSD | Bull Cycle Still Strong – 6th High Formation Ahead 🚀
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
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.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
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.