Bitcoin (BTCUSD) Sustains Bullish Momentum Testing Key Resistance Levels

BTCUSD sustains bullish momentum, testing key resistance levels. The price action reflects a breakout structure (BOS) above $108,300, confirming a bullish continuation. A strong order block (OB) of around $85,000 was a launch pad for the upward rally. The market has consistently formed higher highs and higher lows, with the recent consolidation between $98,340 and $108,390 offering further confirmation of buyer interest near support levels.

 

Looking ahead, BTCUSD is projected to retest the $108,400 resistance zone. A successful breakout above this level could push the price toward the next major psychological resistance at $115,000. However, should the price retrace, immediate support will likely hold, providing another buying opportunity before resuming the upward trend toward $125,000 in the long term.

BTC Key Levels

Supply Levels: $108,400, $115,000, $125,000
Demand Levels: $85,000, $66,800, $53,500

What Are the Indicators Saying?

The RSI (Relative Strength Index) currently sits at 61.90, signaling bullish momentum as the market edges closer to overbought territory. The SMA (Simple Moving Average) is trending at $103,490, confirming the upward price trajectory. These indicators suggest that buyers remain dominant, and the bullish momentum is intact. The RSI’s gradual ascent aligns with the overall strength of the bullish trend.

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