Quick update on Bitcoin – With a focused technical perspective:
1/ Important breakout!
Bitcoin succeeded in breaking a strong resistance near $109,000, and if we see a slight pullback to retest this area, it would be a healthy behavior confirming its transformation into solid support, according to the principle of role reversal.
2/ Eye on the daily frame:
The FVG area is looming on the horizon, and it is expected that the price will return to test it within a normal movement paving the way for an attempt to achieve new highs.
Summary:
The technical situation for Bitcoin is positive as long as the price is above the 109K level. Breaking it could change the picture, but this scenario is currently unlikely.
