Bitcoin (BTC/USD) on a 4-hour timeframe. The chart highlights several key price levels, including the strong buy zone at the bottom, identified by the blue horizontal line, which is a potential area for buying. This zone is followed by a series of price levels marked with ChCh (Change of Character) and BOS (Break of Structure), showing where the market may experience reversals or shifts in momentum.
The target is set at 102,559, indicating a potential upward move if Bitcoin successfully breaks through the current resistance levels. The strong high marked above suggests significant resistance near 95,190 to 94,000, while further support lies around the strong buy zone near 78,000 to 80,000.
The chart also indicates that the price has recently moved through an Equal High (EQH) area, with the price bouncing upwards, showing that the market may be setting up for further bullish movement. Traders should watch for confirmation signals like a break above key resistance levels to reach the target zone around102,559.
The target is set at 102,559, indicating a potential upward move if Bitcoin successfully breaks through the current resistance levels. The strong high marked above suggests significant resistance near 95,190 to 94,000, while further support lies around the strong buy zone near 78,000 to 80,000.
The chart also indicates that the price has recently moved through an Equal High (EQH) area, with the price bouncing upwards, showing that the market may be setting up for further bullish movement. Traders should watch for confirmation signals like a break above key resistance levels to reach the target zone around102,559.
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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.