Bitcoin has recently faced strong resistance near the 94,000 level.
The chart shows that after a strong upward move, price action is now showing signs of exhaustion.
According to my analysis:
Price could make one final push towards 96,358.
After that, a downward move is expected.
Key support levels are at 94,096 — 92,150 — 89,787.
If these supports break, a deeper drop towards 84,108 is possible.
The chart shows that after a strong upward move, price action is now showing signs of exhaustion.
According to my analysis:
Price could make one final push towards 96,358.
After that, a downward move is expected.
Key support levels are at 94,096 — 92,150 — 89,787.
If these supports break, a deeper drop towards 84,108 is possible.
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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.
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.