This BTC/USD 1-hour chart illustrates a critical support zone retest following a breakdown from an ascending trendline. The price has recently dipped to $79,945, reflecting a -1.93% decline, but remains within a significant support range, suggesting a potential rebound.
The Central Reversal Zone around $85,000 - $90,000 serves as the next major resistance if Bitcoin follows the projected recovery path. Traders should monitor whether the price holds at support, confirming a bullish reversal, or breaks lower, signaling further downside. A breakout above $90,000 could lead to a rally towards $96,000 - $100,000.
The Central Reversal Zone around $85,000 - $90,000 serves as the next major resistance if Bitcoin follows the projected recovery path. Traders should monitor whether the price holds at support, confirming a bullish reversal, or breaks lower, signaling further downside. A breakout above $90,000 could lead to a rally towards $96,000 - $100,000.
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HALF TARGET REACHEDNote
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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.