Price Levels & Key Zones:
Current Price: $83,149.66 (+0.13%)
Support Zones:
$81,466.66
$76,947.90
$73,816.86
Resistance Zones:
$84,718.13
$86,440.39
$92,663.22
$95,230.62
Trend Overview:
The market shows a downtrend followed by a recent rebound.
Price has tested the $81,466.66 support and is attempting to reclaim $84,718.13.
Previous highs around $86,440.39 may act as a key resistance level.
Technical Indicators:
Volume: Notable spikes in selling volume during downtrend phases.
RSI (Relative Strength Index):
Currently around 62.39, suggesting neutral-to-slightly bullish momentum.
RSI previously dropped below 44.69, indicating an oversold area before recovery.
Trading Perspective
Bullish Case:
If BTC breaks above $84,718.13, it could retest $86,440.39 and potentially $92,663.22.
Sustained buying volume would confirm a continuation of the uptrend.
Bearish Case:
A rejection at $84,718.13 may lead to another drop toward $81,466.66 or even $76,947.90.
A break below $76,947.90 could signal further weakness.
Current Price: $83,149.66 (+0.13%)
Support Zones:
$81,466.66
$76,947.90
$73,816.86
Resistance Zones:
$84,718.13
$86,440.39
$92,663.22
$95,230.62
Trend Overview:
The market shows a downtrend followed by a recent rebound.
Price has tested the $81,466.66 support and is attempting to reclaim $84,718.13.
Previous highs around $86,440.39 may act as a key resistance level.
Technical Indicators:
Volume: Notable spikes in selling volume during downtrend phases.
RSI (Relative Strength Index):
Currently around 62.39, suggesting neutral-to-slightly bullish momentum.
RSI previously dropped below 44.69, indicating an oversold area before recovery.
Trading Perspective
Bullish Case:
If BTC breaks above $84,718.13, it could retest $86,440.39 and potentially $92,663.22.
Sustained buying volume would confirm a continuation of the uptrend.
Bearish Case:
A rejection at $84,718.13 may lead to another drop toward $81,466.66 or even $76,947.90.
A break below $76,947.90 could signal further weakness.
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.