BitcoinLong
BTCUSD/ Key Scenarios for Bullish Continuation
BTCUSD
HELLO TRADERS
Currently, the chart shows two potential scenarios between the resistance at 97.48 and the support at 94.11, both suggesting a bullish trend in the long run.
In the first scenario, the price may rebound from the support at 94.11, rising steadily toward the resistance at 97.48. If this resistance level is breached, the price could continue its upward momentum, targeting the next level at 99.53 and beyond.
In the second scenario, the price could dip below the 94.11 support, triggering a correction toward the demand zone near 91.63. From this level, a strong bullish recovery could take place, propelling the price back up toward the resistance at 97.48 and possibly higher.
Both scenarios highlight the potential for a bullish continuation, with the key turning points being the levels at 94.11 and 91.63. Monitoring price action and volume at these levels will be essential to confirm either outcome.
HELLO TRADERS
Currently, the chart shows two potential scenarios between the resistance at 97.48 and the support at 94.11, both suggesting a bullish trend in the long run.
In the first scenario, the price may rebound from the support at 94.11, rising steadily toward the resistance at 97.48. If this resistance level is breached, the price could continue its upward momentum, targeting the next level at 99.53 and beyond.
In the second scenario, the price could dip below the 94.11 support, triggering a correction toward the demand zone near 91.63. From this level, a strong bullish recovery could take place, propelling the price back up toward the resistance at 97.48 and possibly higher.
Both scenarios highlight the potential for a bullish continuation, with the key turning points being the levels at 94.11 and 91.63. Monitoring price action and volume at these levels will be essential to confirm either outcome.
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