This BTC/USD chart shows a possible bullish setup based on support and resistance levels:
Support Zone (~82,000): The blue highlighted area represents a key support level where buyers might step in.
Resistance Levels:
83,224 (Red Line): A potential resistance level where price might react.
84,457 (Black Line): A stronger resistance level and the ultimate upside target.
Expected Scenarios (Blue Arrows):
1. Bounce from Support → Break 83,224 → Rally to 84,457.
2. Rejection at 83,224 → Retest Support → Second attempt at a breakout.
This suggests that if BTC holds above support, a bullish move is likely. If it fails, a retest of the support zone could happen.
Support Zone (~82,000): The blue highlighted area represents a key support level where buyers might step in.
Resistance Levels:
83,224 (Red Line): A potential resistance level where price might react.
84,457 (Black Line): A stronger resistance level and the ultimate upside target.
Expected Scenarios (Blue Arrows):
1. Bounce from Support → Break 83,224 → Rally to 84,457.
2. Rejection at 83,224 → Retest Support → Second attempt at a breakout.
This suggests that if BTC holds above support, a bullish move is likely. If it fails, a retest of the support zone could happen.
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.