Bitcoin: Bulls Pushing for Control!
Bitcoin (BTC) is showing signs of strength, with bulls attempting to regain control after a solid bounce from the $102,000 support level. The price is currently consolidating just under $105,000, suggesting a potential breakout is on the horizon.
Key Price Levels to Watch:
* Support: $102,000
* Resistance: $105,333
* Breakout Confirmation: A sustained move above $105,500
Potential Trade Setup:
* Entry Zone: $104,500 – $104,800
* Take Profit 1 (TP1): $105,800
* Take Profit 2 (TP2): $107,200
* Stop Loss (SL): $103,600
Pro Tip:
Keep a close eye on trading volume. If Bitcoin closes above $105,500 on the hourly chart with increasing volume, expect a significant upward move. Momentum is building, so stay alert for the next big price action!
