Bitcoin has broken out of the descending channel with strong bullish momentum, flipping previous resistance (~105.5K) into support. Current price action shows a clear continuation setup with bulls targeting the 112K zone.
š¢ Entry was taken from the retest zone after confirmation
šÆ Target: $111,955
š SL: Below $104,569 support
š Risk/Reward looking clean ā riding momentum into key resistance.
If momentum holds and volume sustains, expect another leg up. Stay sharp ā volatility is high around these levels.
#cryptotrading #PriceActionAnalysis #BitcoinBreakout #BTCUSD #TradingViewIdeas
