BTC/USD – Technical Outlook
Price is currently reacting to a well-defined demand zone, showing bullish intent after a clean tap into the support area. If momentum holds, a potential reversal toward the previous supply zone is likely. A break above the descending trendline could confirm further upside continuation.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Price is currently reacting to a well-defined demand zone, showing bullish intent after a clean tap into the support area. If momentum holds, a potential reversal toward the previous supply zone is likely. A break above the descending trendline could confirm further upside continuation.
Please Like if you find this useful.
What is your thought ? Are you bullish or bearish ? comment below.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.