Bitcoin Technical Setup and Price Structure On th

Momentum indicators add nuance: the MACD line is converging with its signal, and the histogram is shrinking from negative territory—both signs of cautious bullish sentiment. Absence of bearish patterns like “Three Black Crows” and presence of a spinning top candle point to consolidation rather than capitulation.

Risk Zones and Bitcoin Trade Strategy

Here’s a potential Bitcoin price prediction you can follow:

• Bullish Entry: Watch for a breakout above $105,772 and the 50‑EMA.
• Stop‑loss: Place it below today’s swing low near $104,500.
• Targets:
  1. $106,685 (50% Fib)
  2. $107,598 (61.8% Fib)

Alternatively:

• Bearish Strategy: If Bitcoin drops below $104,600 (trendline + 23.6% Fib), it could revisit $102,817 support