Bitcoin's Bullish Again
Bitcoin's price movement, indicating a potential bullish reversal from the support area near $96,882. The price has formed a base at this level and is showing signs of upward momentum. A buy entry is suggested above $102,494, targeting the resistance levels at $108,000 (TP1) and $113,000 (TP2).
The green shaded zones represent resistance areas, where price action may face selling pressure. A breakout above these levels could confirm bullish strength. Conversely, if the price breaks below the support area, further downside could occur. This setup reflects a balance between technical support and resistance, favoring long positions if the momentum persists.
NOTE: This Analysis For educational purposes only not a trading advice Must support me and share your openion in comment section thanks trade safe
The green shaded zones represent resistance areas, where price action may face selling pressure. A breakout above these levels could confirm bullish strength. Conversely, if the price breaks below the support area, further downside could occur. This setup reflects a balance between technical support and resistance, favoring long positions if the momentum persists.
NOTE: This Analysis For educational purposes only not a trading advice Must support me and share your openion in comment section thanks trade safe
Trade active
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.