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BTCUSD trajectory signals renewed momentum and prospects for upward expansion. BTCUSD has been consolidating within the $111,550 to $117,000 range while maintaining higher lows along its ascending trendline. The demand zone around $111,550 to $108,390 has provided a consistent cushion, repeatedly attracting buyers and preventing deeper pullbacks. Resistance remains visible near $124,530, marking the next significant barrier that price needs to overcome to sustain the bullish narrative. This consolidation phase reflects a market that is gathering liquidity, suggesting that short-term retracements are corrective rather than directional reversals.
BTCUSD is likely to sustain its bullish advance once price stabilizes above the current $116,000 level. A breakout above $117,000 would accelerate momentum toward the $124,530 resistance, with the potential for an extension to $130,000 if bullish sentiment intensifies. Should the trend maintain its trajectory, longer-term targets may stretch toward $136,000, representing an expansion phase supported by both trendline and order block structures. Downside risk is limited as long as price holds above $111,550, making the current market environment conducive for buyers to retain dominance. Overall, BTCUSD appears poised to consolidate gains before launching toward fresh highs.
BTC Key Levels
Supply Levels: $124,530, $130,000, $136,000
Demand Levels: $108,390, $95,980, $85,010
What are the indicators saying?
The overall momentum of BTCUSD reflects a bullish configuration that remains well aligned with its key indicators. The price is currently positioned above the 9-day Simple Moving Average at $116,090, reinforcing the strength of its upward bias. Supporting this alignment, the MACD (Moving Average Convergence Divergence) histogram maintains a positive reading with its signal line trending above zero. Such alignment between the moving average and MACD adds credibility to the outlook of continued growth, signalling that the market structure remains in favor of buyers over sellers.
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