๐ Bitcoin (BTC) โ Analysis $BTC
๐ฐ Current price: ~$119,000
๐ Daily range: $116,400 โ $119,630
๐ 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 $130,000โ$150,000.
Record capital inflow into ETFs and strong institutional accumulation support this movement.
๐ง Key levels:
Resistances:
$120,000 โ current psychological ceiling zone.
$123,200 โ $123,600 โ critical technical resistance.
$130,000 โ $145,000 โ projections if the current range is broken.
Supports:
$118,000 โ intraday dynamic support.
$110,000 โ important structural support.
$100,000 โ psychological support and trend validation level.
๐ฎ Possible scenarios (24โ72 h):
โ Bullish scenario:
If BTC breaks and closes above $123,200 with volume, the projection towards $130,000 or more is activated.
โ ๏ธ 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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