BitcoinShort
BTC/USD Trap to bullish Trend Still
This chart shows *Bitcoin (BTC/USD)* on a daily time frame with a *bullish* outlook.
- *Current price*: 97,924
- *Target 1*: 101,980
- *Support level*: Around *81,053*
The price has recently made a correction from the highs, and there's a potential for a *bounce back* towards *101,980*. The support zone around *81,053* suggests a possible area for a reversal if the price drops. Traders should be cautious of any potential downside movement towards this level, but the overall trend appears to be *bullish* towards the target.
*Key points*:
- *Resistance* around 101,980
- *Strong support* near 81,053
- *Bullish scenario* in the short term
This setup suggests a potential price rise back towards *101,980*, with key support at *81,053* in case of a downturn. Always consider proper risk management and stay updated with market movements.
- *Current price*: 97,924
- *Target 1*: 101,980
- *Support level*: Around *81,053*
The price has recently made a correction from the highs, and there's a potential for a *bounce back* towards *101,980*. The support zone around *81,053* suggests a possible area for a reversal if the price drops. Traders should be cautious of any potential downside movement towards this level, but the overall trend appears to be *bullish* towards the target.
*Key points*:
- *Resistance* around 101,980
- *Strong support* near 81,053
- *Bullish scenario* in the short term
This setup suggests a potential price rise back towards *101,980*, with key support at *81,053* in case of a downturn. Always consider proper risk management and stay updated with market movements.
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.