Bitcoin is showing a potential bullish rebound inside the linear regression channel after a sharp drop.
Price is currently testing the midline resistance area around $112,800, supported by a strong bounce from the lower boundary near $110,500.
The Stochastic Oscillator has crossed upward from the oversold zone, signaling short-term bullish momentum.
If the price breaks above the upper channel, next resistance could be seen near $114,000.
Failure to hold above $111,800 may invalidate the bullish setup and retest the lower boundary.
🔹 Tools used: Linear Regression (100), Stochastic (10,3,3)
🔹 Timeframe: 15m
🔹 Exchange: Binance
#BTCUSDT #Bitcoin #TechnicalAnalysis #TradingView #CryptoAnalysis #Scalping #DayTrading
Price is currently testing the midline resistance area around $112,800, supported by a strong bounce from the lower boundary near $110,500.
The Stochastic Oscillator has crossed upward from the oversold zone, signaling short-term bullish momentum.
If the price breaks above the upper channel, next resistance could be seen near $114,000.
Failure to hold above $111,800 may invalidate the bullish setup and retest the lower boundary.
🔹 Tools used: Linear Regression (100), Stochastic (10,3,3)
🔹 Timeframe: 15m
🔹 Exchange: Binance
#BTCUSDT #Bitcoin #TechnicalAnalysis #TradingView #CryptoAnalysis #Scalping #DayTrading
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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.