FenzoFx— Bitcoin began consolidating after peaking at $98,000, dipping toward the $93,565 support and now trading slightly above it. The Stochastic Oscillator sits below 25, suggesting BTC is oversold and may rebound.
Immediate support lies at $92,565. If this level holds, the uptrend could resume, targeting $98,000, with potential to push toward the $99,560 resistance if buying pressure increases.
Bearish Scenario: A drop below $91,720 would invalidate the bullish outlook, potentially extending the decline to $88,830.
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Immediate support lies at $92,565. If this level holds, the uptrend could resume, targeting $98,000, with potential to push toward the $99,560 resistance if buying pressure increases.
Bearish Scenario: A drop below $91,720 would invalidate the bullish outlook, potentially extending the decline to $88,830.
>>> Prop Trading
>>> No Deposit Bonus
>>> %100 Deposit Bonus
>>> Forex Analysis Contest
All at FenzoFx Decentralized Forex Broker
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.