📍 Bitcoin (BTC) – Analysis $BTC
💰 Current price: ~$119,000
📊 Daily range: $116,400 – $119,630
📈 Trend and context:
BTC remains in a clear upward trend.
It has surpassed key historical resistances, including $123,100 recently.
A bullish pennant technical pattern has formed, projecting a possible advance towards $130,000–$150,000.
Record capital inflow into ETFs and strong institutional accumulation support this movement.
🔧 Key levels:
Resistances:
$120,000 → current psychological ceiling zone.
$123,200 – $123,600 → critical technical resistance.
$130,000 – $145,000 → projections if the current range is broken.
Supports:
$118,000 → intraday dynamic support.
$110,000 → important structural support.
$100,000 → psychological support and trend validation level.
🔮 Possible scenarios (24–72 h):
✅ Bullish scenario:
If BTC breaks and closes above $123,200 with volume, the projection towards $130,000 or more is activated.
⚠️ Correction scenario:
If the price is rejected between $120,000 and $123,000, it could correct towards $118,000 or even $110,000 before continuing to rise.
Bitcoin continues to show technical and fundamental strength. The bias is clearly bullish, but caution is required against possible short-term pullbacks. Watch for daily closes above $123,200 to confirm the continuation of the rally.
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