Bitcoin is holding strong, —currently trading around $114,870, with a recent high of $115,767 and a low of $114,625. The chart shows a healthy uptrend, and the technicals suggest bulls still have control of the wheel.
📊 Technical Breakdown
- RSI: 70.61 → bullish, nearing overbought but not overheated
- MACD: DIF 188.15 vs DEA 155.24 → positive divergence, confirming upward momentum
- Volume: $1.35B USDT → solid liquidity, supporting continuation
- Support Zones: $105,944 and $81,964 → strong historical defense levels
→ BTC is consolidating just below its recent peak of $124,474, and the structure remains intact
🔍 Market Outlook
According to ZebPay’s technical report, BTC rallied +8.75% last week, climbing from $107,255 to $116,665, but volume declined slightly—suggesting cautious optimism. Resistance sits at $120K and $125K, and bulls need a clean break and close above those levels to unlock the next leg toward $135K–$150K.
Meanwhile, Kitco’s analysis confirms bulls have the technical edge, with the current uptrend supported by macro tailwinds and rate cut expectations.
🧠 Tactical Zones
🟢 Support Zone: $105K–$110K
This is the reload zone if BTC dips. It’s where buyers have historically stepped in with conviction.
🔴 Resistance Zone: $120K–$125K
This is the ceiling BTC must break to continue its rally. A close above $125K could trigger a fast move toward $135K.
🚀 Breakout Target: $135K–$150K
If volume spikes and RSI holds, this is the next magnet zone. ETF inflows, treasury adoption, or macro liquidity could fuel the push.
⚠️ Risk Zone: Below $105K
A drop below this level could trigger a deeper retrace toward $95K–$100K, especially if macro sentiment shifts.