BTCUSDT SPOTUpdated BTCUSDT bouncing from crucial support zone!!
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Let's analyze BTCUSDT :
BTCUSDT is trading sideways, between a crucial support zone of $92,500-$91,100 and a resistance zone of $98,500.
A decisive break above the resistance zone could signal a bullish trend, while a break below the support zone may indicate a bearish trend.
However, if Bitcoin fails to break above the $98,500 resistance level in the daily timeframe, a significant drop towards the $85,000 to $76,000 zone remains possible.
Currently, Bitcoin is attempting to break through the $98,500 resistance level. This move could be a crucial test before either a sharp decline or a sustained upward break.
Key Support Levels:
$94,700
$92,500-$91,100
Key Resistance Level:
$98,500
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 analyze BTCUSDT :
BTCUSDT is trading sideways, between a crucial support zone of $92,500-$91,100 and a resistance zone of $98,500.
A decisive break above the resistance zone could signal a bullish trend, while a break below the support zone may indicate a bearish trend.
However, if Bitcoin fails to break above the $98,500 resistance level in the daily timeframe, a significant drop towards the $85,000 to $76,000 zone remains possible.
Currently, Bitcoin is attempting to break through the $98,500 resistance level. This move could be a crucial test before either a sharp decline or a sustained upward break.
Key Support Levels:
$94,700
$92,500-$91,100
Key Resistance Level:
$98,500
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 rallied towards our resistance level $98,500 as discussed above!!
Trade closed: target reached
BTC followed the red-marked path.
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Related publications
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.