Hello everyone,
After reaching the 113,000 USD zone, Bitcoin has seen a short-term correction, but overall the main trend remains intact. On the chart, price action is still trading above the Ichimoku cloud, which serves as a key support area in the event of deeper pullbacks. Fair Value Gaps around 111,000–112,000 USD also act as “stepping stones” for potential retests before price continues higher. Meanwhile, trading volume has eased during this retracement, indicating that this is not a case of capitulation selling, but rather a pause following the strong rally.
From a news perspective, the Federal Reserve continues to maintain high interest rates in an effort to control inflation, yet this has further strengthened Bitcoin’s appeal as an alternative hedge against the US dollar. At the same time, institutional involvement is becoming more evident: MicroStrategy, Tesla, and particularly BlackRock’s push for a Bitcoin ETF are all adding weight to long-term confidence. Against the backdrop of ongoing global uncertainty and persistent banking risks, Bitcoin’s role as “digital gold” stands out even more.
As long as the 111,000–112,000 USD support zone holds, the scenario of breaking above 113,000 and advancing towards 115,000 and even 120,000 USD remains highly likely.
After reaching the 113,000 USD zone, Bitcoin has seen a short-term correction, but overall the main trend remains intact. On the chart, price action is still trading above the Ichimoku cloud, which serves as a key support area in the event of deeper pullbacks. Fair Value Gaps around 111,000–112,000 USD also act as “stepping stones” for potential retests before price continues higher. Meanwhile, trading volume has eased during this retracement, indicating that this is not a case of capitulation selling, but rather a pause following the strong rally.
From a news perspective, the Federal Reserve continues to maintain high interest rates in an effort to control inflation, yet this has further strengthened Bitcoin’s appeal as an alternative hedge against the US dollar. At the same time, institutional involvement is becoming more evident: MicroStrategy, Tesla, and particularly BlackRock’s push for a Bitcoin ETF are all adding weight to long-term confidence. Against the backdrop of ongoing global uncertainty and persistent banking risks, Bitcoin’s role as “digital gold” stands out even more.
As long as the 111,000–112,000 USD support zone holds, the scenario of breaking above 113,000 and advancing towards 115,000 and even 120,000 USD remains highly likely.
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Trade Gold, Forex, Bitcoin – the market moves fast, grab your edge today!
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.