📊 BTC/USD Technical Outlook
Rounded Top Formation signals exhaustion of bullish momentum.
Price respecting a descending channel, showing structured bearish correction.
Supply Zone: $96K–$100K – major resistance; price likely to reject here if tested.
Key Levels:
Support: $80.5K → $74.7K → $56K → $48.6K → $39.7K
Resistance: Descending trendline & supply zone
Two Scenarios:
✅ Bullish: Break above channel + $96K = retest ATH zone.
❌ Bearish: Rejection + break below $74.7K = targets $56K and lower.
Current Bias: Bearish unless breakout confirms above descending structure. 📉 Fundamental View
Bitcoin Halving supports long-term bullish case.
Fed’s policy & inflation will drive short-term volatility.
Institutional news already priced in; any surprises = big moves.
Rounded Top Formation signals exhaustion of bullish momentum.
Price respecting a descending channel, showing structured bearish correction.
Supply Zone: $96K–$100K – major resistance; price likely to reject here if tested.
Key Levels:
Support: $80.5K → $74.7K → $56K → $48.6K → $39.7K
Resistance: Descending trendline & supply zone
Two Scenarios:
✅ Bullish: Break above channel + $96K = retest ATH zone.
❌ Bearish: Rejection + break below $74.7K = targets $56K and lower.
Current Bias: Bearish unless breakout confirms above descending structure. 📉 Fundamental View
Bitcoin Halving supports long-term bullish case.
Fed’s policy & inflation will drive short-term volatility.
Institutional news already priced in; any surprises = big moves.
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.