Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
BTCUSD sustains a bullish outlook backed by renewed momentum and demand. The price action shows that Bitcoin respected the 0.618 Fibonacci retracement level around $108,150, forming a firm base for recovery. The sharp rebound from this area aligns with the historical demand zone that triggered prior rallies, reinforcing the presence of institutional accumulation. A higher low formation has now emerged near $102,100, confirming the maintenance of a bullish market structure. The re-establishment of upward momentum above the short-term moving average suggests that sellers are gradually being absorbed, with buyers reclaiming dominance as price reorients toward higher liquidity levels.
Going forward, BTCUSD is projected to extend gains toward the next resistance at $117,990, which coincides with a prior consolidation range. A clear daily close above this level would likely trigger a bullish continuation toward $124,530, with the extended upside target set around $130,000 in the medium term. On the downside, immediate support rests at $108,700, while a deeper retracement toward $102,100 would likely attract renewed buying interest. Overall, the combination of improving momentum, technical structure, and supportive demand zones points to a reinforced bullish continuation phase as Bitcoin repositions for higher valuations.
BTC Key Levels
Supply Levels: $118,000, $124,530, $130,000
Demand Levels: $102,110, $85,010, $74,420
What are the indicators saying?
BTCUSD continues to demonstrate a bullish structural bias as the market rebounds strongly from the $102,100 support zone. The daily chart reflects sustained strength above the 9-day simple moving average, now positioned around $108,710, indicating short-term upward momentum remains intact. The Stochastic Oscillator has also turned higher from the oversold region near 38.59, signaling renewed buying pressure and increasing investor confidence. Collectively, these technical readings support a continuation of the broader bullish sentiment, suggesting that the pair is regaining its footing after a period of consolidation.
Learn from market wizards: Books to take your trading to the next level
