Bitcoin Supply and Demand Analysis :

Key Zones and a Path to $109K"

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Analysis Overview :
The current Bitcoin (BTC) market highlights critical supply and demand zones. A strong upward momentum is driving BTC toward a significant supply area, with market participants watching for a breakout. The broader structure remains bullish, but key levels must hold for sustained growth.

Key Levels to Watch :
Demand Zone (Support) :

$49,000 (critical to maintaining the bullish structure).

Supply Zone (Resistance) : Around $55,000-$58,000 (sellers likely to defend this area).

Market Dynamics :
A break above the supply zone with high volume could confirm further bullish momentum.
A failure to hold $49,000 could lead to a bearish trend shift, with downside risks increasing.

Target and Long-Term Outlook :
If BTC sustains its uptrend, the next major target is $109,000, aligning with bullish sentiment and broader market cycles.

Pro-Tip for Investors :

Short-Term Strategy :

Monitor the supply zone closely; a breakout above this with strong volume can signal a good entry point for momentum trades.

Long-Term Strategy :

Accumulate BTC on dips near the demand zone ($49,000) as long as the bullish structure holds.

Advice :
Utilize stop-losses just below $49,000 to protect against downside risks.
Watch for volume and momentum indicators near the supply zone to gauge the likelihood of a breakout.

Conclusion :
BTC's trajectory is aligned with a bullish market structure, with $49,000 acting as a pivotal level. If it successfully breaks the supply zone, the path to $109,000 becomes increasingly feasible. Stay cautious but optimistic, leveraging technical insights for strategic positioning.