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