Bitcoin Eyes Recovery From Support Zone

2 days ago

Bitcoin is attempting a rebound after testing its support area near 109,500. The current structure indicates that price has found a base within the demand zone, with short term buyers stepping in. A break above the recent minor resistance could open the path toward the 113,000 target zone, aligning with the ongoing recovery momentum seen in broader risk assets.

Key Levels:

Buy Entry: 111,000
Take Profit: 113,000
Stop Loss: 109,500

Reasoning:

Technically, Bitcoin has respected its support zone and is forming higher intraday lows, suggesting a potential swing continuation. The Supertrend indicator has started to flatten, showing weakening bearish pressure.

Fundamentally, today’s mild risk-on tone in global markets and stable U.S. dollar dynamics are supporting crypto sentiment. If Bitcoin sustains above 111,000, bulls may aim for 113,000 as the next short term resistance area.

Disclaimer:
This setup is shared for educational purposes only. It does not represent financial advice. Always conduct your own analysis and follow proper risk management before taking any trade decisions.

2 days ago

Trade active

2 days ago

Note

The Bitcoin Price reached at 112,000 From 111,000.