Bitcoin is currently trading around $85,773, showing strength but facing stiff resistance near the $87,100 supply zone. Let's break down what the chart is telling us and why this week could be critical for price direction.
Key Levels:
Supply Zone: $86,800 - $87,500 → Price has been rejected here multiple times. This is the sell wall.
Immediate Support: $82,882 → A break below could trigger a sharper move down.
Major Demand Zone: $75,800 - $76,800 → Strong buyer interest in this region, marked by volume and past rejections.
Other Key Levels:
$83,547 – Mid-range support/resistance
$78,552 – Potential bounce zone if breakdown occurs
Price Action Insights:
BTC is consolidating just below a major resistance.
Volume is drying up near the top, suggesting either a breakout trap or an impending move down.
Arrows indicate potential liquidity zones where smart money could sweep price before reversal.
Scenarios:
1. Bullish Breakout: Clean candle close above $87,100 with retest → Target $89,000 - $90,000
2. Bearish Rejection: Strong rejection from supply zone → Watch $82,882 and $78,552 for reaction
3. Liquidity Sweep Play: Price spikes above supply to trap longs, then dumps hard → common before major macro news
Fundamentals to Watch:
U.S. economic data releases (highlighted on the chart – April 15 & 17)
Any shift in Fed tone or inflation data could trigger volatility.
Will BTC break above or fall back into the range?
Comment your bias below!
Like & follow for real-time updates and setups!
Key Levels:
Supply Zone: $86,800 - $87,500 → Price has been rejected here multiple times. This is the sell wall.
Immediate Support: $82,882 → A break below could trigger a sharper move down.
Major Demand Zone: $75,800 - $76,800 → Strong buyer interest in this region, marked by volume and past rejections.
Other Key Levels:
$83,547 – Mid-range support/resistance
$78,552 – Potential bounce zone if breakdown occurs
Price Action Insights:
BTC is consolidating just below a major resistance.
Volume is drying up near the top, suggesting either a breakout trap or an impending move down.
Arrows indicate potential liquidity zones where smart money could sweep price before reversal.
Scenarios:
1. Bullish Breakout: Clean candle close above $87,100 with retest → Target $89,000 - $90,000
2. Bearish Rejection: Strong rejection from supply zone → Watch $82,882 and $78,552 for reaction
3. Liquidity Sweep Play: Price spikes above supply to trap longs, then dumps hard → common before major macro news
Fundamentals to Watch:
U.S. economic data releases (highlighted on the chart – April 15 & 17)
Any shift in Fed tone or inflation data could trigger volatility.
Will BTC break above or fall back into the range?
Comment your bias below!
Like & follow for real-time updates and setups!
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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.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
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.