BTC Analysis: Key Levels and Trends to Watch
Current Price 
BTC
Bitcoin is trading near $97,430, down 4.88% from its recent high of $102,783, signaling resistance at higher levels.
Support & Resistance:
Support:
$60,491 (key demand zone).
Resistance:
$107,261 (critical upper resistance).
Volume:
Decreasing volume in recent months indicates reduced momentum, with $60,491 as the strongest volume-supported level.
Scenarios:
Bullish: Breaking $107,261 could push Bitcoin toward $120,000.
Bearish: Losing $87,500 may lead to a drop to $60,491.
#Bitcoin
’s macro trend remains bullish as long as $60,491 holds. Monitor $87,500 as a key level for downside protection, with targets in the $104,000-$107,000 range for the short term.
BTCBitcoin is trading near $97,430, down 4.88% from its recent high of $102,783, signaling resistance at higher levels.
Support & Resistance:
Support:
$60,491 (key demand zone).
Resistance:
$107,261 (critical upper resistance).
Volume:
Decreasing volume in recent months indicates reduced momentum, with $60,491 as the strongest volume-supported level.
Scenarios:
Bullish: Breaking $107,261 could push Bitcoin toward $120,000.
Bearish: Losing $87,500 may lead to a drop to $60,491.
#Bitcoin
’s macro trend remains bullish as long as $60,491 holds. Monitor $87,500 as a key level for downside protection, with targets in the $104,000-$107,000 range for the short term.
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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.
Trader | Investor | Creator |
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.