BTCUSD Continues To Demonstrate A Firm Bullish Tone

BTCUSD continues to demonstrate a firm bullish tone, with momentum indicators and broader sentiment converging to support the ongoing uptrend. Technically, Bitcoin has reclaimed its former structure within the bullish block (BB) zone between $115,960 and $117,990, establishing this area as a renewed demand base. The decisive move above the $120,000 threshold underscores aggressive market conviction, transforming prior resistance into a solid intraday platform. The sequence of ascending swing points reflects consistent liquidity absorption by buyers, illustrating a maturing bullish structure. Current stabilization above $121,000 indicates ongoing accumulation, suggesting that market participants are positioning for a continuation toward higher valuations.

Forecast projections suggest BTCUSD could extend its advance toward $124,530 as an initial target, with potential to challenge the $130,000 barrier in the medium horizon. Sustained buying pressure above $120,000 would likely propel further gains, while any corrective dips into the $117,000–$118,000 territory may provide strategic re-entry opportunities for bullish participants. Unless price decisively breaks below $115,000, the prevailing technical landscape favors continued upward expansion, potentially driving the market toward the $136,000 resistance region as broader optimism endures.

BTC Key Levels

Supply Levels: $118,000, $124,530, $130,000
Demand Levels: $108,390, $95,980, $85,010

What are the indicators saying?

Price action currently hovers near $122,070, sustaining movement above the 9-day Simple Moving Average (SMA) around $115,960 — a technical confirmation of continued buyer dominance. The Moving Average Convergence Divergence (MACD) also shows persistent expansion in the positive region, signaling heightened momentum and reinforcing market optimism. Collectively, these signals highlight strengthening investor participation and a favorable trading climate for sustained appreciation.

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