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BTCUSD holds strong as key support fuels bullish momentum. Technically, the market has formed a short-term demand zone between $100,700 and $104,700, marked by a bullish rejection and a significant reaction from this area. The recent liquidity sweep below the swing low (SSL) around $100,700 has been absorbed efficiently, followed by a swift bullish engulfing candle. This price behavior highlights the presence of institutional demand at the $100,700 zone, likely functioning as a springboard for further movement. The resistance level at $108,390 remains a pivotal zone; however, the multiple rejections without significant selloff indicate that sellers are losing grip, and a breakout appears increasingly likely.
Looking ahead, BTCUSD is expected to retest and potentially break above the $108,390 resistance. A successful close above this level could act as a catalyst for bullish continuation toward the next psychological and structural resistance at $115,000. Beyond that, with bullish sentiment resuming and support zones intact, BTCUSD could make a move toward the $125,000 mark in the medium term. Conversely, as long as the price sustains above the $100,700 demand base, the bullish outlook remains intact, and any short-term dips may present optimal buying opportunities for market participants.
BTC Key Levels
Supply Levels: $108,390, 115,000, $125,000
Demand Levels: $100,700, $95,980, $85,010
What are the indicators saying?
BTCUSD remains structurally bullish in the broader trend, with price continuing to print higher lows and consolidating above the 9-day Simple Moving Average (SMA), now situated around $106,340. Although there was a brief deviation below this dynamic support, buyers quickly stepped in, pushing the market back above it, confirming a strong bullish intent. The MACD indicator, while showing a narrowing spread between the MACD and signal lines, still reflects underlying momentum building toward the upside.
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