Hello everyone! This is the daily analysis from the trader-analyst at CryptoRobotics.
Yesterday, Bitcoin retested the previously mentioned $105,700 zone (the point of highest absorption of buying volume), where selling activity reappeared. We are still expecting a downward move, but now the primary target is the newly formed local support zone at $103,200–$102,000.
If buyers show no reaction within this zone, we may see Bitcoin drop to $100,000.
Resistance zones:
$107,000–$109,000 (volume anomalies)
Support zones:
$103,200–$102,000 (absorption of market selling)
~$100,000 (pushing volume)
$98,000–$97,200 (local support)
$93,000
$91,500–$90,000 (strong buying imbalance)
$88,100–$87,000 (absorption of market selling)
$85,500–$84,000 (accumulated volume)
$82,700–$81,400 (volume zone)
$74,800
$69,000–$60,600 (accumulated volume)
This publication is not financial advice.
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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.