The chart shows the Bitcoin (BTC) price against the US Dollar (USDT) on the BITSTAMP exchange with a 1-hour timeframe. The price is currently at $78,567, down 2.65%.
Key observations:
A support level (marked in pink) around $78,000 has been tested.
A bearish projection (blue arrow) suggests a potential breakdown below this level, possibly targeting $72,000.
Recent price action shows lower highs, indicating selling pressure.
Multiple red news event icons suggest upcoming macroeconomic factors that may influence BTC’s movement.
Do you need any analysis on support/resistance, trend confirmation, or trading strategies?
Key observations:
A support level (marked in pink) around $78,000 has been tested.
A bearish projection (blue arrow) suggests a potential breakdown below this level, possibly targeting $72,000.
Recent price action shows lower highs, indicating selling pressure.
Multiple red news event icons suggest upcoming macroeconomic factors that may influence BTC’s movement.
Do you need any analysis on support/resistance, trend confirmation, or trading strategies?
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.