BTCUSD: Ready to touch the sky
Hello my fellow traders. what do you think about BTCUSD today.
Current BTCUSD Price: 98500
Date: 4 February 2025
BTCUSD is ready to pump. it dropped from 102500 to test the area of 98000 but this area rejected bearish breakout and turned to be a supporting area for Bitcoin. Now BTCUSD is ready to test the area of 102500 and if it gives a bullish breakout then market will go further high and hit 106000. It can go even higher but currently we are making 106000 our demand to be reached. Now if H4 candle gives closing above 99500 then market will turn out be bullish. But if H4 candle gives closing below 98000 then market will test the lower supporting level 95000.
Bitcoin is a stable crypto currency which is supported by its strong community and US President Donald Trump. Moreover the devaluation of US Dollar can pump the Bitcoin's value.
Our Kye Points Are:
Support Level: 97500, 95000
Resistance Level: 102500, 106000
End Target: 106000
Remember this analysis is not for trading its just an opinion.
Kindly like and comment and support me. Thanks for your time
Current BTCUSD Price: 98500
Date: 4 February 2025
BTCUSD is ready to pump. it dropped from 102500 to test the area of 98000 but this area rejected bearish breakout and turned to be a supporting area for Bitcoin. Now BTCUSD is ready to test the area of 102500 and if it gives a bullish breakout then market will go further high and hit 106000. It can go even higher but currently we are making 106000 our demand to be reached. Now if H4 candle gives closing above 99500 then market will turn out be bullish. But if H4 candle gives closing below 98000 then market will test the lower supporting level 95000.
Bitcoin is a stable crypto currency which is supported by its strong community and US President Donald Trump. Moreover the devaluation of US Dollar can pump the Bitcoin's value.
Our Kye Points Are:
Support Level: 97500, 95000
Resistance Level: 102500, 106000
End Target: 106000
Remember this analysis is not for trading its just an opinion.
Kindly like and comment and support me. Thanks for your time
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