BTCUSD
1. Current Price:
Bitcoin is trading at **$61,729**, up by 1.52%.
2. Support Zone:
The lower orange highlighted area, around the **$60,000 to $61,000** range, indicates a **support level** where Bitcoin recently found buyers and bounced back. This is likely a strong zone of demand.
3. Resistance Zones:
- The middle orange zone, around **$63,000**, shows the first potential **resistance area**.
- The upper orange zone, around **$66,000**, marks a second resistance level, where Bitcoin previously struggled to maintain upward momentum.
4. Price Action Projection:
- There’s a yellow line showing a potential bullish move. It suggests that the price could bounce from the current support zone and attempt to break through the middle resistance area around **$63,000**.
- After this, the projection anticipates a move toward the **$66,000** resistance level.
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.