Btcusd
This chart is a 2-hour Bitcoin (BTC/USD) analysis on Coinbase. The analysis includes key technical elements:
1. Channel Formation: The price has been moving within an upward channel, but it recently broke below the lower boundary.
2. Support Level: A highlighted support zone around $80,000, where the price bounced back.
3. Resistance Level: A resistance zone within the channel, which previously acted as a supply area.
4. Price Projection: The analysis suggests a bullish movement towards $94,000, with an upward arrow indicating potential price action.
5. Volume Profile: Visible on the right side, showing strong interest in the current price region.
This suggests that the analyst expects a recovery from support and a rally towards the upper trendline near $94,000, assuming bullish momentum continues.
1. Channel Formation: The price has been moving within an upward channel, but it recently broke below the lower boundary.
2. Support Level: A highlighted support zone around $80,000, where the price bounced back.
3. Resistance Level: A resistance zone within the channel, which previously acted as a supply area.
4. Price Projection: The analysis suggests a bullish movement towards $94,000, with an upward arrow indicating potential price action.
5. Volume Profile: Visible on the right side, showing strong interest in the current price region.
This suggests that the analyst expects a recovery from support and a rally towards the upper trendline near $94,000, assuming bullish momentum continues.
Trade active
Hold buy
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✅ Technical & fundamental analysis
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.