Bitcoin (BTCUSD) Builds Strength Above Key Structure for Further Growth

BTCUSD builds strength above key structure for further growth. Technically, the market broke out of a falling wedge pattern with strong bullish conviction leaving an order block at $103,420 level. The bullish engulfing pattern that followed this key test confirms renewed demand, pushing price action above the $106,000–$107,000 zone. Price has also reclaimed the resistance around $108,390, flipping it into a fresh support area. This structural shift is critical as it marks a transition from a previous range-bound phase to a trending environment.

Given the firm bullish setup, price is poised to advance further, with short- to mid-term projections targeting the $115,000 mark. A successful breach and daily close above $108,390 could trigger additional buying volume, propelling BTCUSD toward the $125,000 resistance in the longer term. However, a minor pullback toward $103,420 order block may occur before continuation, as it may provide bulls with fresh entries. Overall, bullish continuation remains the primary bias as long as the $103,400 order block holds.

BTC Key Levels

Supply Levels: $108,390, 115,000, $125,000
Demand Levels: $95,980, $85,000, $74,420

What are the indicators saying?

The BTCUSD market is currently exhibiting a bullish momentum, supported by favorable alignment across technical indicators. The price has rebounded above the 9-day Simple Moving Average (SMA), currently at $104,950, serving as dynamic support for this upward trajectory. The MACD indicator confirms a bullish crossover with widening histogram bars and a rising MACD line above the signal line, indicating a surge in buying interest.

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