BTC Eyes $114K Bounce From Key Demand Zone
$BTC
Hook: Price dipped into the $109,000s, got rejected, and now those buyers are back—this feels like a pivot moment.
Bitcoin’s hourly chart shows it crawling inside a rising channel, bouncing off support and now consolidating. It’s hovering near the 70-hour and 200-hour EMAs at about $111K—if it crosses above, that could mean momentum is building. The real intrigue lies in the bullish order block between $109,261 and $110,252—a zone where buying interest has shown up before. Traders watching that area see a clear setup: long entry there, with an ideal stop-loss just below $109,246 and a target hovering near $114,328 .
It’s a setup that feels both disciplined and opportunistic. If buyers hold that zone and EMAs trend upward, the $114K level isn’t a stretch. If it fails, the move could just fizzle. Watch that zone closely—it might tell us whether the bulls truly want this.
Hook: Price dipped into the $109,000s, got rejected, and now those buyers are back—this feels like a pivot moment.
Bitcoin’s hourly chart shows it crawling inside a rising channel, bouncing off support and now consolidating. It’s hovering near the 70-hour and 200-hour EMAs at about $111K—if it crosses above, that could mean momentum is building. The real intrigue lies in the bullish order block between $109,261 and $110,252—a zone where buying interest has shown up before. Traders watching that area see a clear setup: long entry there, with an ideal stop-loss just below $109,246 and a target hovering near $114,328 .
It’s a setup that feels both disciplined and opportunistic. If buyers hold that zone and EMAs trend upward, the $114K level isn’t a stretch. If it fails, the move could just fizzle. Watch that zone closely—it might tell us whether the bulls truly want this.
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