The image is a Bitcoin (BTC/USDT) price chart on the 1-hour timeframe from TradingView, published on March 28, 2025. Here are the key details:
The current price of Bitcoin is 85,207.80 USDT, showing a decline of 2,024.21 USDT (-2.32%).
There are two purple rectangular zones representing key support and resistance levels:
The upper purple zone is around 88,000 USDT, indicating strong resistance.
The lower purple zone is around 86,000 USDT, which previously acted as support but has now been broken.
Green-marked ascending price patterns show previous bullish movements.
A blue arrow and a zigzag pattern at the current price level suggest a potential price recovery scenario, possibly indicating a reversal from the current downtrend back toward the 86,000 USDT zone.
A purple lightning icon marks a possible key event or reaction zone, suggesting an important price action area.
Would you like any further insights on the chart analysis?
The current price of Bitcoin is 85,207.80 USDT, showing a decline of 2,024.21 USDT (-2.32%).
There are two purple rectangular zones representing key support and resistance levels:
The upper purple zone is around 88,000 USDT, indicating strong resistance.
The lower purple zone is around 86,000 USDT, which previously acted as support but has now been broken.
Green-marked ascending price patterns show previous bullish movements.
A blue arrow and a zigzag pattern at the current price level suggest a potential price recovery scenario, possibly indicating a reversal from the current downtrend back toward the 86,000 USDT zone.
A purple lightning icon marks a possible key event or reaction zone, suggesting an important price action area.
Would you like any further insights on the chart analysis?
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.
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.