Bitcoin Retesting ATH with Measured Move Target at 116K
BTCUSDT (1D): Bitcoin has broken out from a tightly formed bull flag / pennant within a rising channel. The breakout is confirmed by a daily close above 105,863, reclaiming mid-channel structure and pushing toward the ATH zone near 110K.
Measured move target from the pattern sits at 116,199, which aligns closely with the upper boundary of the trend channel and 0.618 fib extension confluence zone suggesting that any breakout above ATH could run into profit-taking near that region.
Key Levels:
Pennant base: 93,327
Pennant top: 105,863
Breakout trigger: 103,663
TP1: ATH / Upper BB zone ~110,000
TP2: Measured move target / Channel top ~116,199
SL: Below 101,853 or 55 SMA (conservative exit if structure fails)
📈 Volume supports the move
📊 RSI strong at 72.57 but not yet overheated
📌 As long as price holds above 105K, structure remains bullish
Measured move target from the pattern sits at 116,199, which aligns closely with the upper boundary of the trend channel and 0.618 fib extension confluence zone suggesting that any breakout above ATH could run into profit-taking near that region.
Key Levels:
Pennant base: 93,327
Pennant top: 105,863
Breakout trigger: 103,663
TP1: ATH / Upper BB zone ~110,000
TP2: Measured move target / Channel top ~116,199
SL: Below 101,853 or 55 SMA (conservative exit if structure fails)
📈 Volume supports the move
📊 RSI strong at 72.57 but not yet overheated
📌 As long as price holds above 105K, structure remains bullish
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.