BTC/USDT Analysis. Expecting a Breakout of the Local High

Hello everyone! This is a trader-analyst from CryptoRobotics, and here’s the daily market analysis.

Yesterday, Bitcoin tested the previously marked sell zone at $112,200–$113,200 (volume area), where we saw only a minor reaction.
The overall context, along with the large cluster of stop orders above $113,500, suggests a high probability of continued upward movement toward the next resistance zones: $114,400–$115,500 (volume area) and ~$116,500 (volume anomaly). At those levels, it will be important to watch for selling pressure, as another significant correction may occur.

Currently, the price is holding above local support at $112,600–$112,000. If buyers manage to protect this zone, we can expect another upward impulse. A breakdown and consolidation below it, however, may extend the decline at least toward the next support.

Buy Zones:

$111,000–$110,600 (volume area)

$108,000–$102,500 (accumulated volumes)

Sell Zones:

$114,400–$115,500 (volume area)

~$116,500 (volume anomaly)

$117,200–$119,000 (accumulated volumes)

$121,200–$122,200 (buying absorption)

This publication does not constitute financial advice.