BTC/USDT Analysis.
Bitcoin is trading within an ascending channel but showing signs of weakness near $95,660. Here's the breakdown:
$90,000–$92,500 remains critical for a potential bounce. A retest of this area could form a double bottom pattern.
$97,500 (minor resistance) and $105,000 (upper channel boundary) are the key targets for any bullish continuation.
A breakdown below $90,000 could lead BTC toward $85,000 or even $77,500 (major demand zone).
Watch for price action near $90,000 for a possible reversal or continuation to lower levels. Volume and momentum indicators will be crucial to confirm the next move.
DYOR, NFA
@Peter_CSAdmin
$90,000–$92,500 remains critical for a potential bounce. A retest of this area could form a double bottom pattern.
$97,500 (minor resistance) and $105,000 (upper channel boundary) are the key targets for any bullish continuation.
A breakdown below $90,000 could lead BTC toward $85,000 or even $77,500 (major demand zone).
Watch for price action near $90,000 for a possible reversal or continuation to lower levels. Volume and momentum indicators will be crucial to confirm the next move.
DYOR, NFA
@Peter_CSAdmin
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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.