This Bitcoin (BTC/USD) price chart on the 1-hour timeframe highlights key supply and demand zones, along with a breakout scenario. The price is currently testing the supply zone, where a potential reversal is anticipated. If a breakout occurs, the price could move downward, targeting $80,500 and $79,500 as potential levels. A trend line supports previous bullish momentum, but a shift in market structure could trigger a decline
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Trade closed: target reached
target reached successfully
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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.