Bitcoin Technical Setup Shows Short-Term Pullback May Fuel Long-Term Upside

Bitcoin’s recent price action suggests a healthy pullback may be underway, setting the stage for renewed upside ￰0￱ short-term correction toward key support levels appears likely, the broader technical outlook still points to strength and potential continuation toward higher targets once consolidation ￰1￱ Enters The Expected Pullback Phase BeLaunch, in a recent BTC daily update shared on X, noted that Bitcoin’s price movement continues to unfold exactly as ￰2￱ market appears to have transitioned into the expected pullback phase, signaling a temporary cooldown following its recent ￰3￱ correction phase could be a natural part of the ongoing bullish structure rather than a sign of ￰4￱ Reading: Bitcoin Latest Green Candle Sparks Questions – Is A Real Reversal In Sight?

According to the analyst, Bitcoin is likely to retrace toward the $108,000–$110,000 range, an area identified as a key short-term support ￰5￱ range could serve as a healthy reset point for the market, allowing momentum indicators to cool down before the next potential upward leg ￰6￱ this corrective phase concludes, BeLaunch expects Bitcoin to stage a rebound that could carry it toward the $125,000 target ￰7￱ a move would represent the continuation of the macro uptrend that has been forming over the past several weeks. However, confirmation of this scenario would depend on the strength of the recovery following the anticipated ￰8￱ analyst concluded the update with a word of caution, reminding traders that this retracement phase may precede a significant breakout, describing it as the “calm before the storm.” This suggests that Bitcoin’s next decisive move could be substantial, making patience and strategic positioning key in the days ￰9￱ Cooldown Underway: BTC Slows After Recent Gains In an X post, Crypto VIP Signal noted that Bitcoin’s price has started to ease gradually after recent gains.

BTC’s market appears to be entering a short-term cooling phase, with selling pressure beginning to test lower ￰10￱ Reading: Bitcoin Trades Sideways — Consolidation Above Support Could Fuel Next Upside According to the analyst, Bitcoin could revisit its key support area before making its next decisive ￰11￱ action currently shows the formation of a clear trading range, suggesting that the market is consolidating and gathering momentum for its next ￰12￱ behaviour around these crucial levels is vital, as a bounce from support could define the next upward ￰13￱ the meantime, the update emphasized that some sideways movement is likely over the next few ￰14￱ existing support and resistance levels remain unchanged, serving as critical zones to gauge market ￰15￱ BTC breaks out from this consolidation range, it could set the tone for a directional ￰16￱ image from Getty Images, chart from ￰17￱