Hello everyone! This is the daily analysis from the trader-analyst at CryptoRobotics.
Yesterday, Bitcoin continued its decline toward our $100,000 target, and so far, we still don’t see any signs of a reversal before reaching this level.
The scenario remains the same — a decline toward the local low and the $100,000 zone (marked by initiating volumes), from where a potential entry into the main long-term uptrend can be considered.
Sell Zones:
$105,000–$105,700 (absorption of market buys),
$107,000–$109,000 (volume anomalies).
Buy Zones:
~$100,000 (initiating volumes),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance),
$88,100–$87,000 (absorption of market sells),
$85,500–$84,000 (accumulated volumes),
$82,700–$81,400 (volume zone),
$74,800 level,
$69,000–$60,600 (accumulated volumes).
This publication is not financial advice.
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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.