$BTC
Technical Analysis
Patterns: A bullish reversal pattern is showing — "Inverted Head and Shoulders," with the neckline at ≈ 113,000$. Breaking this level may push the price towards ≈ 140,000$.
National Chart: The "flag" pattern has been broken, and a golden cross has formed between the 50-day and 200-day moving averages, which enhances confidence in the possibility of continued bullish momentum above 112,000$.
Momentum Indicators:
The 4-hour RSI is at ~62, indicating positive momentum without entering the overbought territory.
The MACD shows bearish crossovers on shorter timeframes, indicating temporary negative pressure.
Stochastic and Bollinger Bands indicate a phase of price congestion that could be followed by a sharp expected movement.
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🧭 Support and Resistance Levels
Key Support:
Firstly at ≈ 104,000–105,000$ (defined by Fibonacci lines and daily levels).
Secondly at ≈ 97,400$, and in the event of a breakdown, we may witness a deep correction.
Key Resistances:
The first line at ≈ 106,000–108,000$, a clear break is required for confirmation.
The strongest resistance at ≈ 112,000–113,000$; a break above supports positive momentum towards ≈ 140,000$.
