Bitcoin (BTC/USDT) AT KEY SUPPOT READY TO BOUNES 86,300?
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
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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join telegram channel free..
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Forex Gold & Crypto signals with detailed analysis & get consistent results..
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Forex Gold & Crypto signals with detailed analysis & get consistent results..
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.