Can You Smell It? / BTC 110K is Closer than you think
2024-12-15
Category: None

BINANCE:BTCUSDT  
  COINBASE:BTCUSD   

 
 Consolidation in Key Resistance Zone: BTC price has repeatedly tested the dark-yellow resistance block (~102,000 USDT) without strong rejection, indicating seller exhaustion.
 Higher Lows and Rising Trendline: The ascending trendline shows strong buying interest at higher levels, pushing BTC upward.
 Volume Profile (VRVP): The visible range volume profile reveals a volume gap above the current resistance, meaning BTC could move swiftly once it clears the 102K region.
 Breakout Signal: A potential breakout candle has formed near the resistance, with smaller consolidations (orange circles) and consistent higher lows acting as a springboard.
 Measured Move to 110K: If BTC breaks cleanly above the resistance zone, the green path suggests a measured move toward the next psychological level at 110K USDT, backed by strong momentum.
 This bullish structure aligns with accumulation and breakout patterns, indicating Bitcoin's next leg up may be imminent. Monitor for confirmation above 102K.
 

 Follow for the Updates