Bitcoin (BTC/USDT) is currently trading near $81,000, showing strong bullish momentum within an ascending channel. The price recently rebounded from a key support zone, maintaining the structure of this long-term uptrend.
📊 Key Observations:
🔹 BTC is approaching the upper boundary of the channel, historically a resistance zone.
🔹 A breakout above $102,000 could open the doors to $117,500 and beyond.
🔹 If rejected, a pullback toward $71,500 - $66,500 may provide new buying opportunities.
🔹 Volume and market sentiment remain crucial for confirming the next move.
⚡ Will Bitcoin push past resistance, or are we due for a healthy correction? Share your thoughts in the comments!
📊 Key Observations:
🔹 BTC is approaching the upper boundary of the channel, historically a resistance zone.
🔹 A breakout above $102,000 could open the doors to $117,500 and beyond.
🔹 If rejected, a pullback toward $71,500 - $66,500 may provide new buying opportunities.
🔹 Volume and market sentiment remain crucial for confirming the next move.
⚡ Will Bitcoin push past resistance, or are we due for a healthy correction? Share your thoughts in the comments!
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.