By analyzing the #Bitcoin chart on the 12-hour timeframe, we can see that after finding strong support near $103,500, BTC has continued its recovery and recently reached $111,700. The key question now is whether the price can break decisively above the $112K resistance zone.
The $103K–$105K range still acts as a major demand area, while the $109K–$112K zone remains short-term resistance. A confirmed breakout above $112K could open the door toward $113,800, $116,000, and $119,600, while rejection from this zone might trigger another pullback before continuation.
Overall, the structure remains neutral-to-bullish, and volatility is still high — you guys should stay alert for a confirmed breakout before the next big move develops.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
The $103K–$105K range still acts as a major demand area, while the $109K–$112K zone remains short-term resistance. A confirmed breakout above $112K could open the door toward $113,800, $116,000, and $119,600, while rejection from this zone might trigger another pullback before continuation.
Overall, the structure remains neutral-to-bullish, and volatility is still high — you guys should stay alert for a confirmed breakout before the next big move develops.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade active
By analyzing the Bitcoin (BTCUSD) chart on the 12-hour timeframe, we can see that after a short correction, price climbed up to $114,000 before pulling back again.Right now, Bitcoin is trading around $108,000, and it’s important to see if it can hold above $107,200.
If it manages to stay above that level, we could expect another bullish move toward $116,000 and higher.
Trade closed: target reached
By analyzing the #BTC chart on the 12-hour timeframe, we can see that Bitcoin finally smashed through the $116,000 target, completing one of the key projections from previous analyses — a true show of strength by the bulls. After that impressive rally, BTC faced a healthy correction down to around $109,000, and is now trading near $110,700 with buyers stepping back in.As long as Bitcoin holds above the $108,600 support zone, the bullish outlook stays fully intact. A confirmed stability above this level could trigger another leg higher toward $114,000 and even new highs beyond $116K. The structure remains strong — bulls are clearly back in control, and the market just reminded everyone who’s running the show.
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
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onebullex.com/register?inviterCode=7KmSDn
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.
