Bitcoin: Current Price Action & Key Levels
Hey everyone! 👋 Let’s break down what’s happening with Bitcoin’s price and the key levels we need to watch.
Current Market Outlook
After a period of stagnation, Bitcoin has finally broken out of its range and is showing active movement. The price continues to form an inverted wedge, indicating high volatility and the potential for a sharp move soon.
Right now:
✔ The price has tested key resistance levels and faced strong selling pressure.
✔ Trading volumes remain below average, suggesting indecision among market participants.
✔ The futures market shows increasing interest in short positions, reflecting cautious sentiment.
🔑 Key Levels to Watch
📍 Resistance: $110,000–$112,000 – A crucial zone; a breakout could confirm a bullish move.
📍 Support: $90,000 – The nearest level that could prevent further decline.
📍 Major Support: $85,000 – A potential target if the correction deepens.
📊 Possible Scenarios
🔹 Bullish Scenario: If Bitcoin holds above 112K, we could see new highs and continued upward momentum.
🔻 Bearish Scenario: If the price loses 90K, the decline could accelerate, leading to a test of 85K.
⚠ Reminder! In times of uncertainty, proper risk management is crucial—watch volume trends and avoid making emotional decisions.
💬 What’s your take? Where do you see Bitcoin heading next?
Drop your thoughts in the comments!
🚀 Stay tuned and let’s watch how this unfolds!
Your Kateryna💋
https://www.tradingview.com/x/6v4Zq8Sc/
Current Market Outlook
After a period of stagnation, Bitcoin has finally broken out of its range and is showing active movement. The price continues to form an inverted wedge, indicating high volatility and the potential for a sharp move soon.
Right now:
✔ The price has tested key resistance levels and faced strong selling pressure.
✔ Trading volumes remain below average, suggesting indecision among market participants.
✔ The futures market shows increasing interest in short positions, reflecting cautious sentiment.
🔑 Key Levels to Watch
📍 Resistance: $110,000–$112,000 – A crucial zone; a breakout could confirm a bullish move.
📍 Support: $90,000 – The nearest level that could prevent further decline.
📍 Major Support: $85,000 – A potential target if the correction deepens.
📊 Possible Scenarios
🔹 Bullish Scenario: If Bitcoin holds above 112K, we could see new highs and continued upward momentum.
🔻 Bearish Scenario: If the price loses 90K, the decline could accelerate, leading to a test of 85K.
⚠ Reminder! In times of uncertainty, proper risk management is crucial—watch volume trends and avoid making emotional decisions.
💬 What’s your take? Where do you see Bitcoin heading next?
Drop your thoughts in the comments!
🚀 Stay tuned and let’s watch how this unfolds!
Your Kateryna💋
https://www.tradingview.com/x/6v4Zq8Sc/
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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 me : t.me/+aAADzO1OqsQ2MGI0
💰 I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account🚀
tradingview.com/pricing/?share_your_love=RocketBomb
💰 I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account🚀
tradingview.com/pricing/?share_your_love=RocketBomb
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.