Trend Overview
Bitcoin (BTC/USD) remains in an uptrend, with price holding above the ascending trendline support. The long-term bullish structure remains intact, characterized by a series of higher highs and higher lows since 2023.
Key Support and Resistance Levels
Primary Support:
$80,000 - $85,000 (Trendline support zone)
$75,000 (Psychological and historical support)
Primary Resistance:
$90,000 - $95,000 (Recent local highs)
$100,000 (Major psychological level)
Technical Indicators
Stochastic RSI is in the overbought zone, suggesting potential short-term consolidation or a pullback before resuming the trend.
MACD shows a bullish crossover, indicating positive momentum remains strong.
Volume analysis suggests buying pressure is still present but needs to increase to sustain further upside.
Market Outlook
Bitcoin continues to respect its long-term uptrend. As long as price remains above the trendline, the bullish outlook remains valid. However, a confirmed break below $80,000 could signal a deeper correction. If Bitcoin breaks above $90,000, the next major resistance is around $100,000.
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.
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.