Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
BTCUSD signals renewed bullish momentum with an upward trajectory ahead. BTCUSD currently reflects a market structure aligned with a bullish undertone, as both the short-term moving average and momentum oscillators point toward upward reaccumulation. Price action has been defined by a clear rejection around the $108,390 support area, where strong demand re-entered the market. The defended zone established a structural higher low relative to previous consolidations, underscoring the resilience of bullish participants. From this level, a rebound toward the $112,830 pivot is being tested, and any sustained daily close above it would confirm strength returning into the order flow.
On the topside, notable resistance stands at $124,530, which marks the midpoint of the prior congestion zone. A break through this level would validate bullish continuation, setting the stage for further advances toward higher resistance thresholds. Forward-looking projections emphasize upside potential as long as the $108,390 floor remains intact. Should bulls maintain momentum above the $112,830 average, BTCUSD is likely to build toward the $124,530 region before challenging the $130,000 psychological handle. Beyond this, extended continuation may reach as far as $136,000, representing a significant appreciation from current levels. The market environment appears conducive to bullish resumption, with momentum signals favoring higher valuations.
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 daily Simple Moving Average at $112,830 is positioned just above the current price, indicating a potential inflection point for renewed buyer control. Meanwhile, the Stochastic Oscillator is emerging from oversold territory, reinforcing the idea that downside pressure has been exhausted and accumulation may now transition toward upward strength. These signals combine to frame BTCUSD within a constructive technical outlook despite earlier retracements.
Learn from market wizards: Books to take your trading to the next level
