Scenario 1: Bullish Rebound from Support (Likely Scenario)
The price has hit the support level and is showing signs of a rebound.
If buying pressure increases, BTC could test the 86,000 USDT resistance.
A break above 86,000 USDT could lead to further upside momentum.
Scenario 2: Failure to Hold Support (Bearish Case)
If BTC fails to sustain above 83,000 USDT, it may drop further.
A breakdown below this level could lead to further declines, possibly toward 81,500-82,000 USDT.
Key Levels to Watch:
Support: 83,000 USDT (If this holds, expect a bounce).
Resistance: 86,000 USDT (A breakout above could lead to an uptrend).
The price has hit the support level and is showing signs of a rebound.
If buying pressure increases, BTC could test the 86,000 USDT resistance.
A break above 86,000 USDT could lead to further upside momentum.
Scenario 2: Failure to Hold Support (Bearish Case)
If BTC fails to sustain above 83,000 USDT, it may drop further.
A breakdown below this level could lead to further declines, possibly toward 81,500-82,000 USDT.
Key Levels to Watch:
Support: 83,000 USDT (If this holds, expect a bounce).
Resistance: 86,000 USDT (A breakout above could lead to an uptrend).
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.