My $BTC Daily Analysis - Critical Support in Focus! {future}
CryptorInsight
Updated at: 3 hours ago
{"content":"My $BTC Daily Analysis - Critical Support in Focus!
{future}(BTCUSDT)
In my analysis, I'm seeing that $BTC is in a clear corrective phase after its recent highs. The price is currently hovering around the 115,058 USDT support level, which is a key area to watch. This correction is a crucial test of the long term bullish trend. The critical level I've identified at 112,000 USDT is a major point of interest.
Bullish $BTC Long Term Scenario
I believe that if Bitcoin can successfully hold and bounce from the current support zone around 115,058 USDT, or even retest the 112,000 USDT level and find support, the long-term bullish outlook remains intact. This would set the stage for a continuation of the rally.
Potential Long Targets:
* First Target: 124,400 USDT
* Second Target: 132,00 USDT
* Ultimate Target: 144,000 USDT
Bearish Scenario
As I've noted, a decisive breakdown below the 112,000 USDT level would be a major bearish signal. Such a move would indicate a shift in market structure, and I would see Bitcoin entering a bear market as the next key target would be significantly lower.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/18/3f160372f0944ba09453983fd657512d.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}