1. Uptrend in a Channel: Bitcoin is moving inside an ascending channel, indicating a bullish trend.
2. Resistance Zone (88,000 - 89,000): The price might struggle to break this level and could reverse downward.
3. Support Zone (86,500 - 87,000): This is where buyers might step in to push the price back up.
4. Expected Movement: The price may rise toward the resistance, face rejection, and then drop toward the support zone. If support breaks, a further drop could happen.
However, if Bitcoin gains strong bullish momentum, it could break above resistance and move even higher. Always wait for confirmation before making trading decisions.
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2. Resistance Zone (88,000 - 89,000): The price might struggle to break this level and could reverse downward.
3. Support Zone (86,500 - 87,000): This is where buyers might step in to push the price back up.
4. Expected Movement: The price may rise toward the resistance, face rejection, and then drop toward the support zone. If support breaks, a further drop could happen.
However, if Bitcoin gains strong bullish momentum, it could break above resistance and move even higher. Always wait for confirmation before making trading decisions.
support us by liking, following and sharing.
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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.
Are you ready to take your trading skills to the next level? our channel provide free signals for trade, experts insights and daily updates to help you stay ahead of the market.
t.me/+dSaypw2DprY3ZTdk
t.me/+dSaypw2DprY3ZTdk
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.