Bitcoin Outlook & Tactical Update
Current Price: ~$115,022
Intraday High: $115,666
Intraday Low: $114,196
24h Change: +$790 (≈ +0.69%)
🔹️ Technical Overview
Trend: The weekly chart remains firmly bullish, with both the 50-day and 200-day MAs acting as dynamic support zones. Bitcoin continues to respect its long-term uptrend.
RSI: The Relative Strength Index is holding steady in neutral territory (30–70) — signaling there's still room for price expansion in either direction, though upside momentum is quietly building.
Chart Pattern: An inverse head and shoulders formation is taking shape, with a neckline breakout hinting at a target around $133,000, contingent on $BTC holding above the $114,000 support zone.
Price Model: The “Power of 3” accumulation model suggests compression before a breakout. If BTC can flip the $115,300–$116,800 resistance into support, a move toward $126,000 becomes increasingly likely.
🔹️ Fundamentals & Strategic Outlook
Bitcoin’s current strength isn’t purely technical. Macro factors such as dollar weakness, increasing inflation hedges, and rising institutional demand are all feeding into BTC’s medium-term narrative.
Meanwhile, the consistent inflow into ETF products, growing sovereign attention, and continued exchange reserve depletion suggest a strong hands accumulation phase.
🔹️ Key Levels to Watch
Support: $114,000 / $112,500
Resistance: $115,300–$116,800 → Breakout zone
Targets: $126,000 short-term | $133,000 mid-term
🔹️ Strategy Note
As long as Bitcoin sustains above $114K and breaks the compression range, bulls may regain full control. Position sizing, tight invalidation levels, and capital preservation remain key in this zone of potential breakout acceleration.
Stay patient. The structure favors continuation — but confirmation is key.
