{"id":94401,"date":"2025-09-07T03:30:11","date_gmt":"2025-09-07T03:30:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=94401"},"modified":"2025-09-07T03:30:11","modified_gmt":"2025-09-07T03:30:11","slug":"bitcoin-holds-key-support-amid-gravestone-doji-120000-hangs-in-balance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=94401","title":{"rendered":"Bitcoin Holds Key Support Amid Gravestone Doji \u2013 $120,000 Hangs In Balance"},"content":{"rendered":"

In his latest<\/a> daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance<\/a>, especially as the market contends with ongoing fundamental pressures.<\/p>\n

Fundamentals Support Bitcoin Despite Weak NFP Print<\/strong><\/h2>\n

Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong support zone. This level remains critical in determining whether bullish momentum<\/a> can be sustained in the short term.<\/p>\n

The analyst noted that Bitcoin has maintained its bullish edge even in the face of a lower-than-expected NFP print, triggered by fundamental commentary. This development suggests that broader market sentiment<\/a> is still supportive of BTC, and technical strength is being reinforced by macroeconomic factors.<\/p>\n

From a weekly perspective, traditional markets have closed on a bullish note, adding further support to Bitcoin\u2019s potential upside. However, a series of consecutive bullish daily candles is needed to solidify confidence in a rally toward the $120,000 resistance level. Without this confirmation, the market could remain in a holding pattern, leaving room for volatility and short-term swings.<\/p>\n

On the downside, he cautioned that if Bitcoin breaks below the $110,500 level by mid-week, it could open the door for a deeper correction<\/a>, potentially testing the $100,000 support zone. Such a move would shift market dynamics, increasing selling pressure<\/a> and creating strategic opportunities for traders to position for short-term downside plays.<\/p>\n

Over the weekend, Cryptowzrd will be closely monitoring lower-time frame charts to identify actionable scalp opportunities while ensuring that the current position above $110,500 remains secure.<\/p>\n

Intraday Volatility Driven By NFP And Market Fundamentals<\/strong><\/h2>\n

Concluding his analysis, the analyst highlighted that the intraday chart of BTC has been volatile, influenced by recent fundamental commentary and the lower-than-expected NFP print. This volatility reflects the market\u2019s uncertainty, as traders weigh both technical and macroeconomic factors.<\/p>\n

He noted that a decisive move above $113,200 would signal stronger bullish momentum, potentially pushing Bitcoin<\/a> higher and helping to secure the current position. Such a breakout signals that buyers are regaining control of the market.<\/p>\n

On the other hand, a drop below $110,400 could open the door for additional downside. For now, the analyst plans to wait patiently for the market to form a more mature trade setup before taking the next actionable position.<\/p>","protected":false},"excerpt":{"rendered":"

In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":94402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-94401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/94401"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94401"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/94401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/94402"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}