A few days ago, Bitcoin experienced a dip to
65K, coinciding with the average-price uptrend trendline and the midpoint of the ascending channel. The subsequent bounce from this support level was notably strong, signaling active participation from buyers. As long as the price remains above the 65K demand area, we anticipate a continuation of the long-term uptrend.Looking ahead, there's potential for BTCUSDT to test the 261.8% Fibonacci resistance level near
88K, reflecting the resilience and bullish momentum in the market.
📱 Telegram: t.me/Tradensee
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.
📱 Telegram: t.me/Tradensee
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.