Market Overview:
Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.
🔹 Chart Structure:
BTC has been consolidating in a range-bound structure after a sharp upward move.
Previous rising wedge patterns led to corrections, but the price is holding key support levels.
A breakout setup is forming with a target towards $88,500 – $90,000.
🔹 Key Levels to Watch:
✅ Resistance: $85,249, $86,934, $88,500, $90,000
✅ Support: $82,000, $81,400
🔹 Potential Trade Setup:
📈 Bullish Scenario:
If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.
A breakout above $88,500 could lead to $90,000+.
📉 Bearish Scenario:
If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.
🔹 Conclusion:
Bias: Bullish above $84,000
Target: $88,500 – $90,000
Invalidation: Below $81,400
Would you like a more detailed trade plan with stop-loss and entry points? 🚀
Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.
🔹 Chart Structure:
BTC has been consolidating in a range-bound structure after a sharp upward move.
Previous rising wedge patterns led to corrections, but the price is holding key support levels.
A breakout setup is forming with a target towards $88,500 – $90,000.
🔹 Key Levels to Watch:
✅ Resistance: $85,249, $86,934, $88,500, $90,000
✅ Support: $82,000, $81,400
🔹 Potential Trade Setup:
📈 Bullish Scenario:
If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.
A breakout above $88,500 could lead to $90,000+.
📉 Bearish Scenario:
If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.
🔹 Conclusion:
Bias: Bullish above $84,000
Target: $88,500 – $90,000
Invalidation: Below $81,400
Would you like a more detailed trade plan with stop-loss and entry points? 🚀
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.
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.