Bitcoin (BTC/USD) Technical Analysis
Key Support and Resistance Levels
- Resistance Area: $100,000 - $108,000 (Final Target)
- First Target Resistance: $89,280
- Strong Buying Area: $65,000 - $73,000
Market Outlook
Bitcoin is currently trading around $83,332, facing resistance near $89,280. A potential retracement towards the $73,365 - $65,061 zone could provide a strong buying opportunity for bulls.
Bullish Scenario
- If price rebounds from the strong buying area, BTC could rally towards $89,280 (first target).
- A successful breakout above this level may push BTC towards the $100K - $108K resistance zone.
Bearish Scenario
- Failure to hold above the buying zone (
65K) could lead to a deeper correction, invalidating the bullish structure.
Conclusion
Bitcoin remains in a critical zone. Traders should watch for potential price action at key levels before confirming the next major move. 🚀
If you enjoy, press the like button.
Key Support and Resistance Levels
- Resistance Area: $100,000 - $108,000 (Final Target)
- First Target Resistance: $89,280
- Strong Buying Area: $65,000 - $73,000
Market Outlook
Bitcoin is currently trading around $83,332, facing resistance near $89,280. A potential retracement towards the $73,365 - $65,061 zone could provide a strong buying opportunity for bulls.
Bullish Scenario
- If price rebounds from the strong buying area, BTC could rally towards $89,280 (first target).
- A successful breakout above this level may push BTC towards the $100K - $108K resistance zone.
Bearish Scenario
- Failure to hold above the buying zone (
65K) could lead to a deeper correction, invalidating the bullish structure. Conclusion
Bitcoin remains in a critical zone. Traders should watch for potential price action at key levels before confirming the next major move. 🚀
If you enjoy, press the like button.
Trade active
Note
trade executed From 74K$, it's support area already explained . 
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.