Based on the technical analysis shown in the chart, Bitcoin (BTC/USDT) is currently trading around $83,145.61 and is testing a support zone near $81,500 - $82,000. The chart suggests a bullish outlook if Bitcoin holds above this support and follows the projected price movement toward resistance near $89,000 - $90,000.
Forecast Based on Analysis:
Bullish Scenario: If Bitcoin maintains support at $81,500 - $82,000, it could trigger a rebound toward the $87,500 - $90,000 resistance zone.
Bearish Scenario: A breakdown below the support could indicate further downside toward $80,000 or lower before a possible recovery.
Key Levels to Watch:
Support: ~$81,500 - $82,000 (if held, could lead to an upward move)
Resistance: ~$87,500 - $90,000 (potential target if the uptrend continues)
Forecast Based on Analysis:
Bullish Scenario: If Bitcoin maintains support at $81,500 - $82,000, it could trigger a rebound toward the $87,500 - $90,000 resistance zone.
Bearish Scenario: A breakdown below the support could indicate further downside toward $80,000 or lower before a possible recovery.
Key Levels to Watch:
Support: ~$81,500 - $82,000 (if held, could lead to an upward move)
Resistance: ~$87,500 - $90,000 (potential target if the uptrend continues)
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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.