$MARKETSCOM:BITCOIN is showing impressive strength after successfully retesting its May high and bouncing back with conviction. This level, along with the 50 EMA, is currently acting as a strong support zone. Holding above this area signals that buyers are in control, and this zone now serves as a major support for the ongoing bullish trend.
At the moment,
BTC is facing minor resistance in the $115K–$116K range. A decisive breakout above this level is likely to trigger strong momentum, opening the doors for a new all-time high. Once this resistance is cleared, our previous projection of $150K comes into play as the next major target.
For now, it’s crucial for $MARKETSCOM:BITCOIN to hold the current support zone to maintain the bullish structure. As always, traders should manage risk effectively and place stop-losses to protect their capital in case of unexpected volatility.
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
At the moment,
BTC is facing minor resistance in the $115K–$116K range. A decisive breakout above this level is likely to trigger strong momentum, opening the doors for a new all-time high. Once this resistance is cleared, our previous projection of $150K comes into play as the next major target.For now, it’s crucial for $MARKETSCOM:BITCOIN to hold the current support zone to maintain the bullish structure. As always, traders should manage risk effectively and place stop-losses to protect their capital in case of unexpected volatility.
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
📢 Telegram Channel: t.me/getgreencrypto
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
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.
📢 Telegram Channel: t.me/getgreencrypto
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
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.