Bitcoin managed to hold above the local range despite seller pressure, tested the key volume zone of $85,000–$88,000, and has already shown an initial selling reaction.
Currently, a local support zone has formed at $84,800–$83,500, casting doubt on the scenario of a decline to the lower boundary. If this zone is tested and buyers react to it, the current uptrend will continue. If there is no reaction, the trend will shift to a bearish direction.
Selling Zones:
$85,000–$88,000 (volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buying Zones:
$84,800–$83,500 (pushing volumes)
$77,000–$73,000 (volume anomalies, pushing volumes)
Currently, a local support zone has formed at $84,800–$83,500, casting doubt on the scenario of a decline to the lower boundary. If this zone is tested and buyers react to it, the current uptrend will continue. If there is no reaction, the trend will shift to a bearish direction.
Selling Zones:
$85,000–$88,000 (volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buying Zones:
$84,800–$83,500 (pushing volumes)
$77,000–$73,000 (volume anomalies, pushing volumes)
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Unlock your potential in trading
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.