1. Current Price: ~$84,109.
2. Support Zone: Marked in red around ~$84,000, indicating a possible retest before an upward move.
3. Bullish "W" Pattern: The price appears to be forming a double bottom, signaling a reversal to the upside.
4. Target Price: The projection points toward ~$86,000 as the next resistance level.
5. Key Confirmation: A successful bounce from the support zone would confirm the uptrend.
Forecast:
If Bitcoin holds above the support ($84,500), it may reach $86,000.
A failure to hold the support could lead to further declines.
2. Support Zone: Marked in red around ~$84,000, indicating a possible retest before an upward move.
3. Bullish "W" Pattern: The price appears to be forming a double bottom, signaling a reversal to the upside.
4. Target Price: The projection points toward ~$86,000 as the next resistance level.
5. Key Confirmation: A successful bounce from the support zone would confirm the uptrend.
Forecast:
If Bitcoin holds above the support ($84,500), it may reach $86,000.
A failure to hold the support could lead to further declines.
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.