Bitcoin is currently holding a strong bullish structure after bouncing from the key support zone around $81,200 – $81,800 The ascending trendline is being respected well and bulls are in control for now
What to Watch
A break above $84,705 could open the door for a rally toward $87,298 and possibly $88,500
Short-term pullback is possible into the $82,800 – $83,000 region If the trendline holds this could provide a strong long opportunity
Price remains inside an ascending channel — bullish continuation remains likely while support holds.
Resistance: 87,300 – $88,500
Support: 81,800 – 81,200
Structure: Ascending channel with higher lows forming
Bias: Bullish above $82,500
Invalidation: A clean break below the ascending trendline and $81,000 zone would weaken this bullish scenario.
What to Watch
A break above $84,705 could open the door for a rally toward $87,298 and possibly $88,500
Short-term pullback is possible into the $82,800 – $83,000 region If the trendline holds this could provide a strong long opportunity
Price remains inside an ascending channel — bullish continuation remains likely while support holds.
Resistance: 87,300 – $88,500
Support: 81,800 – 81,200
Structure: Ascending channel with higher lows forming
Bias: Bullish above $82,500
Invalidation: A clean break below the ascending trendline and $81,000 zone would weaken this bullish scenario.
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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.
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.