Key Observations:
Current Price: BTC/USDT is at $82,230.43, showing a -0.51% decline.
Support Zone: The red box around $81,167.82 represents a demand zone where buying interest is expected.
Resistance Zone: The green box near $85,353.57 marks the target price level.
Forecasted Movement:
Price is expected to dip slightly into the support zone.
A potential bounce from support could trigger a bullish move.
If the price breaks past $82,357.95, momentum could drive it towards $85,000+.
Forecast:
Bullish Scenario: If BTC holds the $81,167-$82,230 range, a strong upward trend could push it toward $85,353.
Bearish Scenario: If BTC breaks below $81,167, the downtrend may continue.
This analysis suggests a potential long trade with an entry around $81,167-$82,230, a stop-loss below $81,167, and a take-profit near $85,353. However, market conditions should be monitored closely for confirmation.
Current Price: BTC/USDT is at $82,230.43, showing a -0.51% decline.
Support Zone: The red box around $81,167.82 represents a demand zone where buying interest is expected.
Resistance Zone: The green box near $85,353.57 marks the target price level.
Forecasted Movement:
Price is expected to dip slightly into the support zone.
A potential bounce from support could trigger a bullish move.
If the price breaks past $82,357.95, momentum could drive it towards $85,000+.
Forecast:
Bullish Scenario: If BTC holds the $81,167-$82,230 range, a strong upward trend could push it toward $85,353.
Bearish Scenario: If BTC breaks below $81,167, the downtrend may continue.
This analysis suggests a potential long trade with an entry around $81,167-$82,230, a stop-loss below $81,167, and a take-profit near $85,353. However, market conditions should be monitored closely for confirmation.
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.