Bitcoin (BTC) against the US Dollar (USD) on the BITSTAMP exchange, as of April 23, 2025.
Key Highlights:
Current Price: BTC is trading at approximately $93,219.
Resistance Level: Marked around $88,505, which was previously tested multiple times before the recent breakout.
Breakout & Retest: Price has broken above the resistance level and is currently consolidating just above it, suggesting a potential continuation of the upward trend.
Trade Setup:
Entry Point: Around the current price level ($93,219).
Stop-Loss: Set just below the resistance zone at $88,483, indicating a cautious approach in case of a false breakout.
Take-Profit Target: Around $100,056, aligning with the upper green area, representing a bullish outlook.
This setup reflects a bullish bias, expecting BTC to continue its upward move after confirming the breakout above the key resistance zone. The risk-to-reward ratio appears favorable for long positions.
Key Highlights:
Current Price: BTC is trading at approximately $93,219.
Resistance Level: Marked around $88,505, which was previously tested multiple times before the recent breakout.
Breakout & Retest: Price has broken above the resistance level and is currently consolidating just above it, suggesting a potential continuation of the upward trend.
Trade Setup:
Entry Point: Around the current price level ($93,219).
Stop-Loss: Set just below the resistance zone at $88,483, indicating a cautious approach in case of a false breakout.
Take-Profit Target: Around $100,056, aligning with the upper green area, representing a bullish outlook.
This setup reflects a bullish bias, expecting BTC to continue its upward move after confirming the breakout above the key resistance zone. The risk-to-reward ratio appears favorable for long positions.
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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.
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Recommended best broker Exness Partner link
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.