Is Bitcoin $BTC About to Pop? Here's the Plan:
✅ Trade Plan Breakdown:
✅ Entry Zone:
Buy around $113,470
→ This is the pivot level and acts as a strong support. Holding above this could trigger a push upward.
⛔ Stop Loss:
Set just below $113,470
→ If BTC breaks this level, momentum could shift bearish. Better to protect capital.
🎯 Profit Targets:
Target 1: $114,539 (Lock in safety — move SL to breakeven!)
Target 2: $115,900
Target 3: $116,580 (Major resistance zone!)
Bonus Target: $117,270 (Breakout potential — watch closely!)
📊 Risk/Reward Ratio:
You’re looking at a 1.5:1 to 2.5:1 depending on your scale-out plan — solid for intraday or short-term swing.
📈 Technical Indicators:
RSI is above 50 → Bullish bias
MACD is positive but below signal line → Mild caution; momentum could build with price strength
Price is below the 20-period MA (Bearish short-term)
But above the 50-period MA (Bullish medium-term)
🧠 Pro Tip:
Once Target 1 is reached, move your stop-loss to breakeven. From there, you're risk-free and riding momentum.
⚠️ Alternative Scenario:
If $113,470 fails to hold, expect further downside:
Next Support: $112,330
Deeper Support: $111,650
📌 Wait for structure to rebuild before re-entering.
📍 Final Take:
BTC is coiling near key levels. Bulls want $113,470 to hold for a push toward $116K+.
Be early. Be prepared. Be smart.