Hello everyone! This is CryptoRobotics' trader-analyst with the daily analysis.
Yesterday, Bitcoin finally broke the previous high. There was no false breakout or seller defense on higher timeframes, so the uptrend continues.
The next target is $105,000.
A local support zone has formed at $98,000–$97,200 after the breakout. So far, there are no signs of seller presence, but low volume remains a concern. Any strong surge in seller activity could trigger a significant correction.
Resistance zones:
$107,000–$109,000 (volume anomalies)
Support zones:
$98,000–$97,200 (local support)
$91,500–$90,000 (strong buy-side imbalance)
$88,100–$87,000 (absorption of market selling)
$85,500–$84,000 (accumulated volumes)
$82,700–$81,400 (volume zone)
Level $74,800
$69,000–$60,600 (accumulated volumes)
This publication is not financial advice.
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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.