BitcoinLong
Bitcoin Punches 108k Bulls up Bears Down!
Bitcoin tradingview.com/chart/?symbol=COINBASE:BTCUSD has broke past 108K, and the next key resistance levels are 110K and 112K. The 110K zone acts as psychological resistance where profit-taking is expected, while 112K aligns with the 1.618 Fibonacci extension from the last breakout, a major target for traders watching harmonic patterns like AB=CD.
Key Indicators and Patterns
1. Bullish Flag Breakout: Bitcoin’s flag pattern breakout pushed prices with strong momentum.
2. MACD: A bullish crossover on the daily chart signals continuation potential.
3. RSI: At 74, momentum remains strong, though nearing overbought conditions
4. Volume Spike: Institutional buying has validated the breakout—big money moves faster than your ex on payday.
If Bitcoin clears 112K, the next target aligns near 120K-132k based on extended Fibonacci levels. For now, bulls are pounding the bears harder than a heavyweight boxer, and momentum indicators favor continued upside.
Congratulations to everyone for reaching this milestone—let’s stay focused and keep riding this bull like it owes us rent! Don't forget to follow to keep get daily updates!
Key Indicators and Patterns
1. Bullish Flag Breakout: Bitcoin’s flag pattern breakout pushed prices with strong momentum.
2. MACD: A bullish crossover on the daily chart signals continuation potential.
3. RSI: At 74, momentum remains strong, though nearing overbought conditions
4. Volume Spike: Institutional buying has validated the breakout—big money moves faster than your ex on payday.
If Bitcoin clears 112K, the next target aligns near 120K-132k based on extended Fibonacci levels. For now, bulls are pounding the bears harder than a heavyweight boxer, and momentum indicators favor continued upside.
Congratulations to everyone for reaching this milestone—let’s stay focused and keep riding this bull like it owes us rent! Don't forget to follow to keep get daily updates!
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.