Bitcoin (BTC) is showing potential for a bearish move. Here’s the latest analysis:
Analysis Overview:
Sell Signal: Bitcoin is currently aligning for a sell direction at 92K USD. This level seems to be the key trigger point for a possible move downward. Technical Target: Based on current market conditions, the technical target for BTC is 85K USD. If the bearish momentum plays out, we may see a further decline towards this level. Key Levels:
Resistance: 95K USD – If Bitcoin retraces upward, 95K USD could act as a strong resistance level, limiting further bullish moves. Support: 90K USD – Watch this level closely, as it could serve as a short-term support before any deeper pullbacks.
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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.