#Bitcoin
We are monitoring the $81,850 - $80,370 range as the key support zone where we might see a clear reversal signal in BTC. A reaction from this support zone towards the purple region ($86,000) is expected.
If BTC manages to close daily candles above the purple region, the next target will be $90,500. However, if the purple region is not broken, the downtrend will continue without forming new highs.
If the $80K level fails to provide support for Bitcoin, we could see a drop towards $73,800. Therefore, the $81,850 - $80,370 support range should be closely monitored.
Not Financial Advice.
We are monitoring the $81,850 - $80,370 range as the key support zone where we might see a clear reversal signal in BTC. A reaction from this support zone towards the purple region ($86,000) is expected.
If BTC manages to close daily candles above the purple region, the next target will be $90,500. However, if the purple region is not broken, the downtrend will continue without forming new highs.
If the $80K level fails to provide support for Bitcoin, we could see a drop towards $73,800. Therefore, the $81,850 - $80,370 support range should be closely monitored.
Not Financial Advice.
Trade active
#Bitcoin Update 15% ✅Bitcoin has experienced a serious rise with the US reserve news coming today. It has risen 15% from the support zone we mentioned in the previous analysis. With the hard crossing of the purple zone in BTC, we quickly crossed the next resistance zone at $ 90,500.
The current support zone range to follow in BTC is $91,500 - $90,500. The price should hold the specified range as support in its possible correction to the blue zone range in the analysis. If it resumes its upward movement from the blue zone, its new target will be $99,600.
NFA.
Trade closed: target reached
#Bitcoin Update After the previous analysis, Bitcoin fell again to the $81,850 level. With the purchase from the $81,850 zone, the daily candle close was above the purple zone.
Currently, BTC purple zone support is pricing above the $86,000 level. As long as BTC closes daily candles above 86K, its target will be $99,600.
NFA.
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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.