This Bitcoin (BTC/USD) chart on a daily timeframe (1D) from Coinbase shows a recent downtrend, with the price currently at $85,749.48, down 1.30%. A potential bullish reversal is suggested with an upward projection toward the $100,000+ range, as indicated by the hand-drawn price path.
Key observations:
Volume Profile on the Right: Indicates high trading activity around current levels, with less resistance above $90,000.
Projected Price Movement: Suggests a breakout from recent lows, a pullback, and then a strong upward move ("BTC to the moon").
Buyer-Seller Levels: The buy price is slightly above the current market price, indicating demand.
This analysis suggests bullish momentum, but confirmation through further price action and volume is needed.
Key observations:
Volume Profile on the Right: Indicates high trading activity around current levels, with less resistance above $90,000.
Projected Price Movement: Suggests a breakout from recent lows, a pullback, and then a strong upward move ("BTC to the moon").
Buyer-Seller Levels: The buy price is slightly above the current market price, indicating demand.
This analysis suggests bullish momentum, but confirmation through further price action and volume is needed.
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.
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.