Targeting the $125,500 Resistance
Market Overview:
After a correction down to $116,850, Bitcoin held above the 144 EMA and is recovering toward the key resistance zone around $125,500. A bullish continuation pattern is forming.
Technical Signals & Formations:
— Strong support reaction from $116,850
— 144 EMA on 4H holding as dynamic support
— ABCD harmonic structure supports upside
— Break above $120,000 will confirm bullish momentum
Key Levels:
Support: $116,850, $113,700
Resistance: $123,300, $125,500–$126,000
Scenario:
Primary: continuation upward toward $125,500 with potential breakout
Alternative: minor pullback to $116,850 before next leg up
Market Overview:
After a correction down to $116,850, Bitcoin held above the 144 EMA and is recovering toward the key resistance zone around $125,500. A bullish continuation pattern is forming.
Technical Signals & Formations:
— Strong support reaction from $116,850
— 144 EMA on 4H holding as dynamic support
— ABCD harmonic structure supports upside
— Break above $120,000 will confirm bullish momentum
Key Levels:
Support: $116,850, $113,700
Resistance: $123,300, $125,500–$126,000
Scenario:
Primary: continuation upward toward $125,500 with potential breakout
Alternative: minor pullback to $116,850 before next leg up
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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.
Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
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.