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From a structural perspective, Bitcoin (BTCUSD) has consistently defended the liquidity enclave extending between $102,100 and $107,200, a zone previously recognized for its accumulation and volatility compression. Recent market developments reveal a sequence of higher lows, accentuating continued absorption of sell-side pressure and a buildup of latent buying momentum. Price interaction around $111,300 prompted a modest retracement, yet overall configuration remains intact. The visible SSL formation validates the existence of defensive demand at lower levels, reinforcing the probability of a continuation phase as institutional liquidity repositions in favor of upward advancement.
Projecting forward, a convincing breach and consolidation above $111,340 may propel BTCUSD toward the immediate supply barrier at $117,990, with extended potential stretching toward $124,530 and eventually $130,000 if momentum sustains. Conversely, a measured retest of $107,250 followed by a robust rebound would signify renewed conviction from market participants. The prevailing confluence of structural alignment, directional oscillators, and liquidity distribution indicates a durable bullish continuum.
BTC Key Levels
Supply Levels: $118,000, $124,530, $130,000
Demand Levels: $107,250, $102,110, $92,000
What are the indicators saying?
BTCUSD maintains an assertive bullish inclination, harmonizing with broader directional signals and underlying momentum metrics. The prevailing formation illustrates consistent preservation above the $107,250 threshold, emphasizing a resilient demand concentration within the prior accumulation territory. The 9-day simple moving average (SMA), stationed around $111,340, functions as a fluid resistance barrier while underpinning the market’s constructive configuration. Meanwhile, the Relative Strength Index (RSI) fluctuates near the 45.50 mark, reflecting diminishing bearish intensity and a gradual transition toward renewed buying impetus as sentiment regains equilibrium.
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