1. Current Price and Trend
Current BTC/USD price: $83,452
Price change: -$234 (-0.28%)
The recent trend shows a recovery attempt from a local bottom around $79,150.
Price appears to be testing resistance and forming potential higher lows, indicating possible bullish momentum.
---
2. Supertrend Indicator (10, 3)
The red line above the candles suggests the Supertrend is bearish at the moment.
A break above this red line would be considered a bullish signal.
---
3. Key Support and Resistance Levels / Take-Profit (TP) Targets
Labeled on the right:
TP1 (Support/Resistance): 85,000
TP2: 88,000
TP3: 89,100
TP4: 89,380
TP5: 90,000+
Each TP level represents a potential resistance zone where the price might face selling pressure or pause.
---
4. Chart Projections
Two possible paths are drawn on the chart:
Bullish scenario (blue path): A breakout above resistance levels leading to targets up to TP5 ($90K+).
Bearish/consolidation scenario (red path): A sideways movement with possible dips before a breakout or further rejection.
---
5. Sentiment
The inclusion of U.S. news/events icons near the recent low suggests that macroeconomic factors (possibly USD-related) may have influenced the recent dip.
Price action shows consolidation and a possible reversal pattern (e.g., double bottom or ascending triangle).
---
Conclusion
BTC is at a critical juncture, testing lower resistance near $85K.
A breakout above $85K–
88K could accelerate a move toward $90K+ (TP3 to TP5).
A failure to break resistance may lead to continued sideways or bearish movement.
Current BTC/USD price: $83,452
Price change: -$234 (-0.28%)
The recent trend shows a recovery attempt from a local bottom around $79,150.
Price appears to be testing resistance and forming potential higher lows, indicating possible bullish momentum.
---
2. Supertrend Indicator (10, 3)
The red line above the candles suggests the Supertrend is bearish at the moment.
A break above this red line would be considered a bullish signal.
---
3. Key Support and Resistance Levels / Take-Profit (TP) Targets
Labeled on the right:
TP1 (Support/Resistance): 85,000
TP2: 88,000
TP3: 89,100
TP4: 89,380
TP5: 90,000+
Each TP level represents a potential resistance zone where the price might face selling pressure or pause.
---
4. Chart Projections
Two possible paths are drawn on the chart:
Bullish scenario (blue path): A breakout above resistance levels leading to targets up to TP5 ($90K+).
Bearish/consolidation scenario (red path): A sideways movement with possible dips before a breakout or further rejection.
---
5. Sentiment
The inclusion of U.S. news/events icons near the recent low suggests that macroeconomic factors (possibly USD-related) may have influenced the recent dip.
Price action shows consolidation and a possible reversal pattern (e.g., double bottom or ascending triangle).
---
Conclusion
BTC is at a critical juncture, testing lower resistance near $85K.
A breakout above $85K–
88K could accelerate a move toward $90K+ (TP3 to TP5).A failure to break resistance may lead to continued sideways or bearish movement.
Trade active
Tp1 hit! SuccessfullyNote
Xauusd Hit! Tp2 Successfully Trade closed: target reached
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Disclaimer
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🆓FREE FREE GOLD & CRYPTO SIGNALS✅
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
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.