BTCUSD: Bulls Are Back To Take The ChargeDisclaimer: This is not a trading advice but a personal analysis only for the study purpose.
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BTCUSD Current Value: 98000
After being hit by a huge drop Bitcoin maintained to regain its value and stablised itself which shows how stable bitcoin is and how strong its community is. BTCUSD dropped to test the lower area but market gave a fake bearish breakout and market pumped Bitcoin up again. Currently market has dropped from 102500 to 98000 which is the testing area again. 98000 is basically supporting area if market supports Bitcoin at this area then market will pump and test the upper area of 102500 again which can show a little resistance but if market give a bullish breakout then its last target will be 106500 today.
Supporting Areas: 98000, 95000
Resistance Areas: 102500, 106500
Demand Zone: 106500
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