Bitcoin is showing positive recovery signals as major capital flows are re-entering the market. Notably, Syz Capital has successfully raised $200 million to invest in BTC – a strong indicator of growing long-term confidence from institutional investors.
On the H8 chart, BTC remains in a downtrend channel but is forming an accumulation pattern around the 111,000 USDT support area. Previous FVG zones have been filled, suggesting buying pressure is absorbing supply well. Volume is also slightly increasing at the lows – indicating selling pressure is weakening.
If BTC holds above 111,000, a move toward 117,500 is likely, with potential to reach 120,000 if it breaks above the descending channel. This would confirm a clearer medium-term uptrend.
On the H8 chart, BTC remains in a downtrend channel but is forming an accumulation pattern around the 111,000 USDT support area. Previous FVG zones have been filled, suggesting buying pressure is absorbing supply well. Volume is also slightly increasing at the lows – indicating selling pressure is weakening.
If BTC holds above 111,000, a move toward 117,500 is likely, with potential to reach 120,000 if it breaks above the descending channel. This would confirm a clearer medium-term uptrend.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.