#BTC -USD STRONG BULLISH TREND & CONSOLIDATION & ZONE BREAK OUT ANALYSIS! 🔥🔥
BTC/USD Technical Outlook – 1H Timeframe
Bitcoin maintains a strong bullish trend, with recent consolidation now showing signs of a potential breakout to the upside from the key support at 117,600. The structure remains favorable for buyers as long as price holds above this zone.
Key Technical Levels:
Support: 117,600 – Bullish breakout base
Resistance 1: 118,900 – First upside target
Resistance 2: 119,800 – Extended bullish target
Bias: Short-term bullish while above 117,600. A confirmed breakout above 118,900 could accelerate momentum toward 119,800 and beyond.
Trading Plan: Monitor price action near support for continuation signals. Breakout traders may seek confirmation above resistance zones, with stops managed below key support.
