The image is a Bitcoin (BTC) price chart from TradingView, showing the BTC/USDT (Tether) trading pair on the Binance exchange with a 1-hour time frame. The price is currently at $83,202.93, with a +5.86% increase.
Key elements in the chart:
Support and Resistance Zones:
A support zone is marked around $78,000 (bottom purple box).
A resistance zone is around $84,000 (top purple box).
Technical Pattern:
A W-shaped pattern (double bottom) is drawn, indicating a bullish reversal.
A blue upward projection arrow suggests a breakout beyond resistance towards higher price levels.
This chart suggests a bullish outlook, predicting a breakout above $84,000 if the current trend continues. Would you like further analysis?
Key elements in the chart:
Support and Resistance Zones:
A support zone is marked around $78,000 (bottom purple box).
A resistance zone is around $84,000 (top purple box).
Technical Pattern:
A W-shaped pattern (double bottom) is drawn, indicating a bullish reversal.
A blue upward projection arrow suggests a breakout beyond resistance towards higher price levels.
This chart suggests a bullish outlook, predicting a breakout above $84,000 if the current trend continues. Would you like further 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.