Bitcoin
Education

Bitcoin Price Analysis – Potential Bullish Reversal

129
This 30-minute BTC/USD chart shows a significant price movement where Bitcoin broke below a rising channel before finding support around the $103,500 zone. A potential reversal pattern is forming, with a bullish setup indicated by a rounded bottom formation. If the price holds above the $105,000 level and breaks the resistance zone around $105,500, a further move toward $106,000+ is possible. Traders are watching closely for confirmation of this recovery move.

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.