1. Current Price & Trend: Bitcoin is trading around $81,318.75, experiencing a 2.82% decline.
2. Resistance & Support Levels:
Resistance Area: Near $82,000 (red line at the top).
Support Zone: Around $76,000 (red line at the bottom).
3. Projected Movement:
The price may retest the resistance near $82,000.
A rejection from this resistance could lead to a pullback.
If selling pressure increases, Bitcoin could decline toward $76,000, aligning with the downward arrow in the chart.
Forecast:
Bearish in the short term: If resistance holds, BTC could drop towards $76,000.
Breakout Possibility: If BTC breaks above $82,000, it could signal further upside.
Key Levels to Watch:
$82,000 (Resistance) → A break above may indicate bullish continuation.
$76,000 (Support) → If BTC falls below, it may trigger a stronger downtrend.
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.