比特幣已更新 What else stands in the way of BTC reaching $120,000?
What else stands in the way of BTC reaching $120,000?
Looking at the daily timeframe, the asset has bounced off the $92,000 support level seen a few weeks ago.
The $100,000 level was recently breached, allowing for a gradual rise towards the $110,000 level and possibly even higher.
The RSI suggests that momentum remains bullish and the market could soon rebound towards the $120,000 level.
4-Hour Chart
The recent low price action can be clearly seen on the 4-hour chart. BTC has been stuck between the $108,000 and $108,000 levels for the past ten days or so.
This has led to a lot of uncertainty regarding the recent market action.
However, the overall market structure remains bullish and a breakout above the $108,000 resistance level is more likely than a bearish reversal.
Looking at the daily timeframe, the asset has bounced off the $92,000 support level seen a few weeks ago.
The $100,000 level was recently breached, allowing for a gradual rise towards the $110,000 level and possibly even higher.
The RSI suggests that momentum remains bullish and the market could soon rebound towards the $120,000 level.
4-Hour Chart
The recent low price action can be clearly seen on the 4-hour chart. BTC has been stuck between the $108,000 and $108,000 levels for the past ten days or so.
This has led to a lot of uncertainty regarding the recent market action.
However, the overall market structure remains bullish and a breakout above the $108,000 resistance level is more likely than a bearish reversal.
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