Bitcoin has reclaimed its low time frame level near $121.6K, signaling renewed short-term strength. Price is now pushing upward toward the +Volume Zone, an area where increased buying activity could trigger a breakout continuation.
📈 Low Time Frame Reclaimed: BTC has stabilized above the local structure, confirming short-term bullish momentum.
🔊 Volume Zone Target: The next resistance sits around $123K, where increased trading activity could accelerate a move higher.
🟢 Main Trend Active: The primary uptrend remains strong as long as BTC holds above the $113K main trend support.
Technical Levels:
🟢 Main Trend Support: $113K
🟡 Low Time Frame Support: $121.6K
🔊 Volume Zone Resistance: $123K
🎯 Next Target: $125–$126K
Outlook:
Bitcoin is showing healthy recovery momentum, reclaiming short-term structure and heading into the Volume Zone. If it sustains above $121.6K and breaks $123K with volume confirmation, a continuation toward $125K+ becomes likely.
📊 Bias: Bullish continuation
📈 Focus: Volume reaction at $123K
📈 Low Time Frame Reclaimed: BTC has stabilized above the local structure, confirming short-term bullish momentum.
🔊 Volume Zone Target: The next resistance sits around $123K, where increased trading activity could accelerate a move higher.
🟢 Main Trend Active: The primary uptrend remains strong as long as BTC holds above the $113K main trend support.
Technical Levels:
🟢 Main Trend Support: $113K
🟡 Low Time Frame Support: $121.6K
🔊 Volume Zone Resistance: $123K
🎯 Next Target: $125–$126K
Outlook:
Bitcoin is showing healthy recovery momentum, reclaiming short-term structure and heading into the Volume Zone. If it sustains above $121.6K and breaks $123K with volume confirmation, a continuation toward $125K+ becomes likely.
📊 Bias: Bullish continuation
📈 Focus: Volume reaction at $123K
Trade active
There is a good chance BTC can enter the coming time between 126 K and 128 K
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.