Current Price:
• BTC/USD = $110,952
• The price is slightly pulling back after reaching a recent high.
⸻
2. Resistance Zone (Top Black Lines & Red Arrow):
• Price hit strong resistance around $112,000, indicated by the red arrow and orange circle.
• This level rejected the price upward momentum, suggesting selling pressure or profit-taking by traders.
⸻
3. Bearish Signal:
• The red arrow and drop projection (zigzag line with green arrow) suggest an expected pullback or correction from the resistance area.
• A decline is projected, possibly down to the next support level.
⸻
4. Support Levels:
• Near-Term Support: Around $110,000 (marked by the black horizontal line).
• Stronger Support Zone: Around $108,040 where a blue trendline intersects with horizontal support.
• Major Buy Zone: The green shaded area below ~$108,000, possibly between $106,000 and $107,000.
⸻
5. Trendline:
• The blue ascending trendline shows that BTC is still in an uptrend overall, as long as it stays above this line.
• BTC/USD = $110,952
• The price is slightly pulling back after reaching a recent high.
⸻
2. Resistance Zone (Top Black Lines & Red Arrow):
• Price hit strong resistance around $112,000, indicated by the red arrow and orange circle.
• This level rejected the price upward momentum, suggesting selling pressure or profit-taking by traders.
⸻
3. Bearish Signal:
• The red arrow and drop projection (zigzag line with green arrow) suggest an expected pullback or correction from the resistance area.
• A decline is projected, possibly down to the next support level.
⸻
4. Support Levels:
• Near-Term Support: Around $110,000 (marked by the black horizontal line).
• Stronger Support Zone: Around $108,040 where a blue trendline intersects with horizontal support.
• Major Buy Zone: The green shaded area below ~$108,000, possibly between $106,000 and $107,000.
⸻
5. Trendline:
• The blue ascending trendline shows that BTC is still in an uptrend overall, as long as it stays above this line.
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XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
World Best Signals Channel here 🤝
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.