Bitcoin Price Analysis: Possible Scenarios Ahead
Updated
hello guys.
Current Price Movement: Bitcoin has experienced a strong upward movement, nearing the resistance zone around $82,000–$83,000. It is trading near the upper boundary of a rising channel.
Support and Resistance Levels:
Resistance: $82,000–$83,000 (near-term), $84,000–$85,000 (upper target).
Support: $80,000–$81,000 (short-term), $73,000 (lower channel boundary).
Trend: Overall bullish momentum remains, but a pullback is possible before the next leg up.
Current Price Movement: Bitcoin has experienced a strong upward movement, nearing the resistance zone around $82,000–$83,000. It is trading near the upper boundary of a rising channel.
- Scenario 1: A potential bullish continuation where Bitcoin could break above the $83,000 level, pushing towards $84,000–$85,000.
- Scenario 2: A possible pullback before a continuation, with Bitcoin retesting support levels around $80,000–$81,000 before attempting another move up.
Support and Resistance Levels:
Resistance: $82,000–$83,000 (near-term), $84,000–$85,000 (upper target).
Support: $80,000–$81,000 (short-term), $73,000 (lower channel boundary).
Trend: Overall bullish momentum remains, but a pullback is possible before the next leg up.
Note
a Quasimodo happened
Note
a Quasimodo happened
a correction could happen from here!
#btc #btcusdt
Trade closed: target reached
the pointed area touched
👉 get a Tradingview account (broker): bit.ly/HYCM-M
________
👉 10% off with this exchange: lbank.one/join/uu83jRY
________
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
________
👉 10% off with this exchange: lbank.one/join/uu83jRY
________
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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.