Bitcoin (BTCUSD) Shows Bullish Structure With Upward Momentum Gaining Traction

BTCUSD shows a bullish structure with upward momentum gaining traction. From a technical standpoint, BTCUSD recently rebounded from the $115,000 demand zone, confirming it as a valid order block. The bounce follows a prior break of structure at $123,231, suggesting bullish continuation once the consolidation phase is resolved. This indicates that buyers are defending critical levels effectively.

Looking forward, BTCUSD is poised to retest $123,230 in the short term, with a breakout potentially unlocking upside targets toward $125,000 and $130,000. Sustained momentum beyond this range may drive the price further into the $136,000 zone. As long as BTCUSD holds above $115,000, the bullish outlook remains intact.

BTC Key Levels

Supply Levels: $125,000, $130,000, $136,000
Demand Levels: $115,000, $108,390, $95,980

What are the indicators saying?

BTCUSD is demonstrating a bullish recovery, supported by the indicators. The 9-day SMA (Simple Moving Average) at $115,650 is currently holding as near-term support, while the Stochastic Oscillator has turned upward from oversold levels at 31.36 and 25.43, signaling renewed buying strength. This alignment underscores a favorable environment for price appreciation. The overall trend of the market is expected to be bullish for a long time.

 

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