📊 Bitcoin — Technical Analysis
On the daily timeframe, BTC broke out of the ascending wedge formation (see the chart). After the downward breakout, the price stabilized around $115.8K, confirming local weakness.
🔑 Key support levels:
☁️ Lower boundary of the Ichimoku cloud.
📉 100-day SMA — $110,000.
📉 200-day SMA — global lower support.
📊 Strong buyer zones are also noted in the volume profiles.
📐 Fibonacci correction (3D chart):
Level 0.79 → $110,599
Level 1.0 → $107,245
These marks are permissible correction zones that the market may test.
📈 Rebound scenario:
If BTC holds $115K–$110K, the nearest upside targets will be at:
$118K (local resistance)
$122K
$127K (upper boundary of the previous formation)
⚖️ Conclusion: BTC is currently testing support after breaking the ascending wedge. Holding $110K is critically important for maintaining the bullish scenario. Otherwise, the market may deepen to $107K.
On the daily timeframe, BTC broke out of the ascending wedge formation (see the chart). After the downward breakout, the price stabilized around $115.8K, confirming local weakness.
🔑 Key support levels:
☁️ Lower boundary of the Ichimoku cloud.
📉 100-day SMA — $110,000.
📉 200-day SMA — global lower support.
📊 Strong buyer zones are also noted in the volume profiles.
📐 Fibonacci correction (3D chart):
Level 0.79 → $110,599
Level 1.0 → $107,245
These marks are permissible correction zones that the market may test.
📈 Rebound scenario:
If BTC holds $115K–$110K, the nearest upside targets will be at:
$118K (local resistance)
$122K
$127K (upper boundary of the previous formation)
⚖️ Conclusion: BTC is currently testing support after breaking the ascending wedge. Holding $110K is critically important for maintaining the bullish scenario. Otherwise, the market may deepen to $107K.
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BTC
111,362.28
+1.94%