Login / Join

Technical analysis by Mohammad_Mirdehghan about Symbol BTC on 5/21/2025

https://sahmeto.com/message/3536512

BTC/USD Facing Key Resistance – Watch for Daily Close Confirmati

Neutral
Price at Publish Time:
$107,038.79
،Technical،Mohammad_Mirdehghan

Bitcoin is currently testing a critical resistance zone between 107,150 and 107,800, which has previously acted as a strong supply area. For the bullish trend to continue, we need to see a daily close above this resistance range. Until a confirmed breakout occurs, the price is vulnerable to a pullback toward the rising trendline, which has been supporting the uptrend since April. 📌 Key Points: Strong horizontal resistance at 107,150–107,800 Rising wedge structure could signal exhaustion A daily candle close above 107,800 is required for further upside continuation Failure to break this resistance increases the probability of a correction toward the ascending trendline support This is a critical area to monitor for both breakout traders and those looking for potential short-term reversal setups.

Source Message: TradingView
Signals
Top Traders
Feed
Alerts