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Let's analyse BTC on the daily timeframe:
Bitcoin has broken out from its falling wedge pattern, signaling a strong shift in momentum from bearish to bullish.
Key Observations:
Breakout Confirmation: Price broke above the wedge with solid bullish candles, showing buyer strength.
Support Reclaim: The zone around 86,500 – 88,000 has flipped from resistance to strong support.
Next Resistance: Currently trading below 94,000 – 95,900, which is a major resistance zone to watch. A break and close above this could push BTC toward 100K psychological level.
Levels to Watch:
Support Zone: 86,500 – 87,000, 90,522
Immediate Resistance: 94,000 – 95,900
Breakout Target: 100,200+
Strategy Suggestion:
If price retests the 90,400 – 87,000 zone and holds, it could offer a strong risk-reward entry for continuation toward 100K. Watch for rejection or consolidation signs near the current resistance.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse BTC on the daily timeframe:
Bitcoin has broken out from its falling wedge pattern, signaling a strong shift in momentum from bearish to bullish.
Key Observations:
Breakout Confirmation: Price broke above the wedge with solid bullish candles, showing buyer strength.
Support Reclaim: The zone around 86,500 – 88,000 has flipped from resistance to strong support.
Next Resistance: Currently trading below 94,000 – 95,900, which is a major resistance zone to watch. A break and close above this could push BTC toward 100K psychological level.
Levels to Watch:
Support Zone: 86,500 – 87,000, 90,522
Immediate Resistance: 94,000 – 95,900
Breakout Target: 100,200+
Strategy Suggestion:
If price retests the 90,400 – 87,000 zone and holds, it could offer a strong risk-reward entry for continuation toward 100K. Watch for rejection or consolidation signs near the current resistance.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
BTC is battling hard at the resistance zone!The daily wick size tells you everything — it’s bulls vs bears in full force!
A clean breakout above could push BTC towards $99–$100K!
But if it rejects, we could see a pullback to around $ 90.5 K.
Leverage traders: STOP-LOSS is mandatory!
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.