$BTC (1D) – Technical analysis
1️⃣ Trend: Bitcoin is moving within an ascending wedge (yellow lines). The price has confidently broken through the Ichimoku cloud and is trading above all key MAs (7, 25, 99), which confirms the bullish momentum.
2️⃣ Resistances:
125,747 – a local level where the price is already testing the upper channel.
126,800 – the nearest target upon breaking upwards.
3️⃣ Supports:
120,260 – a strong level coinciding with the lower zones of consolidation.
118,500 – support in the Ichimoku cloud area and the lower boundary of the nearest range.
4️⃣ Indicators:
Bollinger Ban