The chart shows BTCUSD forming a rounded bottom pattern near the support zone, suggesting a potential bullish reversal. Price is currently holding above the key support area, and if momentum continues, the market could push toward the 1st target around 84,000, followed by the 2nd target near 85,500. A breakout above those levels could open the path to the 3rd target at the resistance zone around 88,000–89,000. Confirmation of the move would be stronger with a break of the neckline and continued higher highs.
TP1: 84,000 — First resistance level, ideal for partial profits as price approaches local highs.
TP2: 85,500 — Intermediate resistance zone, aligns with a major price reaction area.
TP3: 88,800 — Near the top of the marked resistance zone, a strong level for final exit if bullish momentum continues.
TP1: 84,000 — First resistance level, ideal for partial profits as price approaches local highs.
TP2: 85,500 — Intermediate resistance zone, aligns with a major price reaction area.
TP3: 88,800 — Near the top of the marked resistance zone, a strong level for final exit if bullish momentum continues.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.