Bitcoin is consolidating in a tight range on the 1-hour timeframe and is showing strong momentum as it tests the $109,500 resistance zone. A decisive breakout and sustained close above this level could trigger a move toward the $112,000 mark, signaling bullish momentum building in the market.
Keep a close watch on volume confirmation for a stronger breakout signal. 📈
Keep a close watch on volume confirmation for a stronger breakout signal. 📈
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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.