Bitcoin / TetherUS
Long
Updated

Bitcoin (BTC/USDT) AT KEY SUPPOT READY TO BOUNES 86,300?

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Bitcoin (BTC/USDT) – Bullish Momentum Towards Resistance
Chart Analysis:
The price is currently trading at $82,987.41, showing an uptrend.
A support level has been identified where price recently bounced.
The price is breaking out of an ascending channel, signaling bullish continuation.
The next major resistance level is around $86,294.90.
A potential pullback to the support area may occur before continuing upward.
Forecast:
Bullish Scenario: If price holds above the support level and retests successfully, it could continue to $86,294.90.
Bearish Scenario: If price falls below the support zone, we might see a retest of lower levels before any upward movement.
Conclusion:
Short-term Trend: Bullish
Key Levels:
Support: Around $81,500 - $82,000
Resistance: $86,294.90
Trade active
Trend: The chart indicates a bullish breakout from a rising channel.
Support Level: The price has retested the previous resistance as new support.
Resistance Target: The next key resistance level is around 86,294.90 USDT.
Expected Movement: A potential upward move with some consolidation before reaching the target.
Confirmation: If support holds, further bullish momentum is likely.

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