Bitcoin Market Update – Consolidation Signals Potential Breakout
Current Structure & Price Action:
Bitcoin is maintaining a strong technical structure, consolidating within a well-defined range of $90,000 to $108,000 since December.
This accumulation phase follows November’s rally, with consistent dip-buying reinforcing market strength.
Key Levels to Watch:
Support: Holding above the $90,000 level reinforces stability and keeps the bullish structure intact.
Resistance: A breakout above $108,000 could confirm bullish momentum, with potential upside toward $124,000.
A sustained break below $90,000 would invalidate the bullish outlook and could lead to a deeper correction.
Breakout Confirmation:
Traders should watch for increasing volume on a breakout above $108,000, as it would signal strong participation and trend continuation.
Conclusion:
Bitcoin’s prolonged consolidation suggests the market is coiling for a major move. While the current trend remains bullish, confirmation of an upward breakout requires strong volume above $108,000. Until then, the range remains intact, with buyers maintaining control above $90,000.
Bitcoin is maintaining a strong technical structure, consolidating within a well-defined range of $90,000 to $108,000 since December.
This accumulation phase follows November’s rally, with consistent dip-buying reinforcing market strength.
Key Levels to Watch:
Support: Holding above the $90,000 level reinforces stability and keeps the bullish structure intact.
Resistance: A breakout above $108,000 could confirm bullish momentum, with potential upside toward $124,000.
A sustained break below $90,000 would invalidate the bullish outlook and could lead to a deeper correction.
Breakout Confirmation:
Traders should watch for increasing volume on a breakout above $108,000, as it would signal strong participation and trend continuation.
Conclusion:
Bitcoin’s prolonged consolidation suggests the market is coiling for a major move. While the current trend remains bullish, confirmation of an upward breakout requires strong volume above $108,000. Until then, the range remains intact, with buyers maintaining control above $90,000.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.