Technical Analysis Of BTC/USD
Bitcoin Technical Analysis – 4H Chart
🔻 Downward Trendline Pressure
Bitcoin has been consistently rejected from the downward trendline (highlighted in orange circles), showing strong bearish resistance in recent months.
🔄 Consolidation Near Breakout Zone
Price is currently consolidating just below the key resistance area and trendline. A breakout from this level could trigger a strong bullish move.
📉 Support Levels Holding
The price is forming higher lows and respecting the support zone, indicating buyers are stepping in on dips.
🔼 Breakout Watch
If BTC can decisively break above the red resistance area and the descending trendline, we may see a rapid move toward the target zone around $98,000–$100,000.
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Bitcoin Technical Analysis – 4H Chart
🔻 Downward Trendline Pressure
Bitcoin has been consistently rejected from the downward trendline (highlighted in orange circles), showing strong bearish resistance in recent months.
🔄 Consolidation Near Breakout Zone
Price is currently consolidating just below the key resistance area and trendline. A breakout from this level could trigger a strong bullish move.
📉 Support Levels Holding
The price is forming higher lows and respecting the support zone, indicating buyers are stepping in on dips.
🔼 Breakout Watch
If BTC can decisively break above the red resistance area and the descending trendline, we may see a rapid move toward the target zone around $98,000–$100,000.
Thanks for your support!
If you found this idea helpful, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, and trading strategies. Let’s grow and trade smarter together! 📈
Trade active
Note
Trade running in good profit Note
trade running 350 pips+ profitsNote
price at resistance level, we can see more upside bitcoin after breakout resistance area. Note
Note
achieved 600 pips+ Note
congrats price touched 93k$Trade closed: target reached
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Disclaimer
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.