Bitcoin (BTC/USDT) Forecast Based on the Chart:
Current Price: 82,317.78 USDT
Support Level: Around 79,000 USDT
Resistance Levels: Near 84,000 USDT and 86,000 USDT
Possible Scenarios:
1. Bullish Case:
If BTC holds above 82,000 USDT and breaks 84,000 USDT, the price may rally towards 86,000 USDT and beyond.
Confirmation of bullish momentum would come from higher volume and strong price action at 84,000 USDT.
2. Bearish Case:
If BTC fails to break the 84,000 USDT resistance, a rejection could lead to a downward move.
A break below 79,000 USDT support would indicate a bearish trend continuation, potentially testing lower levels.
Trading Strategy:
Buy on breakout above 84,000 USDT with a target of 86,000 USDT.
Sell if rejection occurs at 84,000 USDT and price moves below 82,000 USDT, targeting 79,000 USDT.
Use stop-loss below 81,500 USDT for risk management.
Current Price: 82,317.78 USDT
Support Level: Around 79,000 USDT
Resistance Levels: Near 84,000 USDT and 86,000 USDT
Possible Scenarios:
1. Bullish Case:
If BTC holds above 82,000 USDT and breaks 84,000 USDT, the price may rally towards 86,000 USDT and beyond.
Confirmation of bullish momentum would come from higher volume and strong price action at 84,000 USDT.
2. Bearish Case:
If BTC fails to break the 84,000 USDT resistance, a rejection could lead to a downward move.
A break below 79,000 USDT support would indicate a bearish trend continuation, potentially testing lower levels.
Trading Strategy:
Buy on breakout above 84,000 USDT with a target of 86,000 USDT.
Sell if rejection occurs at 84,000 USDT and price moves below 82,000 USDT, targeting 79,000 USDT.
Use stop-loss below 81,500 USDT for risk management.
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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.
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.