Bitcoin (BTC/USD) Technical Analysis – 1H Chart
Market Structure & Outlook:
Bitcoin is currently testing a key support zone around $85,000, marked as the Point of Interest (POI). A potential bounce from this level could trigger a move toward the resistance area near $92,000.
Scenario 1 (Bullish Case):
- If buyers hold the POI, BTC could establish a higher low and push toward $92,000, possibly challenging $95,000 in an extended rally.
Scenario 2 (Bearish Case):
- Failure to hold the $83,500 - $85,000 support could open the door for a deeper retracement toward the $81,500 - $82,500 zone.
Conclusion:
BTC is at a critical demand zone. Price action at this level will determine if a reversal toward resistance is likely, or if further downside correction is in play. Traders should watch for bullish confirmations before entering long positions.
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Market Structure & Outlook:
Bitcoin is currently testing a key support zone around $85,000, marked as the Point of Interest (POI). A potential bounce from this level could trigger a move toward the resistance area near $92,000.
Scenario 1 (Bullish Case):
- If buyers hold the POI, BTC could establish a higher low and push toward $92,000, possibly challenging $95,000 in an extended rally.
Scenario 2 (Bearish Case):
- Failure to hold the $83,500 - $85,000 support could open the door for a deeper retracement toward the $81,500 - $82,500 zone.
Conclusion:
BTC is at a critical demand zone. Price action at this level will determine if a reversal toward resistance is likely, or if further downside correction is in play. Traders should watch for bullish confirmations before entering long positions.
If you enjoy, press the like button.
Trade active
Note
Congratulations guys, price start flying from our demand zone around 85k$.Note
trade running 100 pips+ profit, Note
Congratulations guys, trade running 150 pips+ profits.Note
just hold your buying trades , towards target.Note
Note
Price in consolidation phase , so be careful or just wait for breakout of this 1D price consolidation.Trade closed manually
with 400 pips+ profit.
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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.