ARE YOU BULLISH ENOUGH?!
Yesterday’s bullish engulfing on the daily BTC chart suggests a potential reversal from recent consolidation. After closing $105.8K, if BTC sustains above the engulfing candle’s high ($106K), we could see a move toward prior all time highs at $110-112K.
🔍 This pattern indicates fresh buying momentum, supported by rising monthly stochastic RSI and steady institutional accumulation, per on-chain data. A follow‑up green candle or volume surge adds confidence but a drop below $102K could negate this signal.
TL;DR: Daily bullish engulfing may mark an early sign of upside keep eyes on $106K for confirmation, $110–112K as resistance, and $102K as key support.
What are your thoughts guys? Share in the comments below 👇🏻
