BTC
7 Day Chart BTC
The price is approaching the $100,000 resistance zone, which aligns with a critical trendline from the upper boundary of the channel.
The green zone highlights the resistance area, where the price historically struggles to break above due to selling pressure.
If Bitcoin surpasses this level, it could signal a new bullish breakout toward higher targets.
Potential Scenarios:
A rejection at $96,000 might lead to a pullback, testing lower support levels within the trend.
A breakout above $96,000 could signal the start of a new parabolic rally, possibly targeting the next red line (above $130,000).
The chart suggests Bitcoin tends to respect these long-term trendlines, with price consolidations and rallies within the channels.
Safe All!
Stone.
The price is approaching the $100,000 resistance zone, which aligns with a critical trendline from the upper boundary of the channel.
The green zone highlights the resistance area, where the price historically struggles to break above due to selling pressure.
If Bitcoin surpasses this level, it could signal a new bullish breakout toward higher targets.
Potential Scenarios:
A rejection at $96,000 might lead to a pullback, testing lower support levels within the trend.
A breakout above $96,000 could signal the start of a new parabolic rally, possibly targeting the next red line (above $130,000).
The chart suggests Bitcoin tends to respect these long-term trendlines, with price consolidations and rallies within the channels.
Safe All!
Stone.
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