Bitcoin has been consolidating below the $113,000 resistance level over the past few sessions. On the hourly timeframe, price has now successfully broken above this barrier and is sustaining the breakout.
📈 Trading Outlook:
* A pullback towards $113,000 could offer a favorable long entry opportunity.
* Upside Targets:
* First target: $117,000
* Second target: $122,000
The breakout and successful close above resistance suggest strong bullish momentum, provided price holds above the $113,000 zone.
📈 Trading Outlook:
* A pullback towards $113,000 could offer a favorable long entry opportunity.
* Upside Targets:
* First target: $117,000
* Second target: $122,000
The breakout and successful close above resistance suggest strong bullish momentum, provided price holds above the $113,000 zone.
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.
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.