(BTC/USD) 4-hour analysis on the Bitstamp exchange, incorporating various technical indicators and projections:
• Support & Demand Zones:
• A red zone around 93,278 - 95,202, indicating strong support.
• A yellow zone around 98,610, suggesting intermediate resistance.
• A blue zone at 105,705, marking a major resistance level.
• Black Dots: Represent key swing highs, acting as resistance levels.
• Blue Dots: Represent swing lows, indicating potential support.
Price Projection & Analysis:
• The chart suggests a bullish structure, with price expected to bounce from the support zone (95,293 - 95,322) and move upwards.
• If the price breaks the 98,610 resistance, further upside towards 102,057 and potentially 105,705 is expected.
• If the support at 95,202 fails, the price may decline towards 93,278 - 92,000.
• Support & Demand Zones:
• A red zone around 93,278 - 95,202, indicating strong support.
• A yellow zone around 98,610, suggesting intermediate resistance.
• A blue zone at 105,705, marking a major resistance level.
• Black Dots: Represent key swing highs, acting as resistance levels.
• Blue Dots: Represent swing lows, indicating potential support.
Price Projection & Analysis:
• The chart suggests a bullish structure, with price expected to bounce from the support zone (95,293 - 95,322) and move upwards.
• If the price breaks the 98,610 resistance, further upside towards 102,057 and potentially 105,705 is expected.
• If the support at 95,202 fails, the price may decline towards 93,278 - 92,000.
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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.