ChainChampion_
Bitcoin has been consolidating within a tight range over the past five weeks, though the broader uptrend remains firmly intact. The asset currently shows oversold conditions, suggesting a potential bottom formation is underway.
Looking at the current structure, BTC appears positioned for a significant move higher. The next resistance level sits at $122k, representing 2x the previous swing high—a classic technical target. Beyond that, traders are eyeing $155k as an extended objective if momentum accelerates.
With this consolidation phase nearing resolution, the setup favors higher lows being es
Looking at the current structure, BTC appears positioned for a significant move higher. The next resistance level sits at $122k, representing 2x the previous swing high—a classic technical target. Beyond that, traders are eyeing $155k as an extended objective if momentum accelerates.
With this consolidation phase nearing resolution, the setup favors higher lows being es
BTC-3.1%






