Bitcoin is currently trading between key levels:
Upper resistance: 93700
Lower support: 91670
We are stuck in this range, and a breakout above or below these levels will confirm the next move in the trend.
Right now, Bitcoin is holding the 50 EMA on the 30-minute chart. As long as this support holds, we could see a move towards 95k, after which we will reassess the chart.
Here are two possible scenarios if we hit 95,700 again:
We break above and target 100k
We face rejection and correct back to 88k. While this wouldn’t be a large correction, it could offer a very opportunistic entry point.
I’ll be sharing more insights and updates as the chart unfolds.
Follow me on all my socials (link in bio).
Drop your thoughts in the comment section and hit the like button if this is useful.
Thank you
#PEACE
Upper resistance: 93700
Lower support: 91670
We are stuck in this range, and a breakout above or below these levels will confirm the next move in the trend.
Right now, Bitcoin is holding the 50 EMA on the 30-minute chart. As long as this support holds, we could see a move towards 95k, after which we will reassess the chart.
Here are two possible scenarios if we hit 95,700 again:
We break above and target 100k
We face rejection and correct back to 88k. While this wouldn’t be a large correction, it could offer a very opportunistic entry point.
I’ll be sharing more insights and updates as the chart unfolds.
Follow me on all my socials (link in bio).
Drop your thoughts in the comment section and hit the like button if this is useful.
Thank you
#PEACE
Trade active
This is HOW 30-minute chart looks, NASTY!
Note
Held the support, let's see if it breaks above the resistance!
Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.
Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.