Key Observations:
1. Support Zone (~$82,000 - $81,500):
The price is expected to stabilize or form a small range around this level before pushing higher.
2. Resistance Target (~$85,000):
If the price breaks out, the next key level is around $85,000.
3. Bullish Momentum Potential:
The structure indicates an accumulation phase before a rally.
Forecast Scenarios:
Bullish Scenario (Higher Probability):
If BTC holds support and breaks the minor consolidation range, it may surge toward $85,000.
Bearish Risk:
A break below $81,500 could invalidate the bullish outlook and lead to a deeper pullback.
Conclusion:
Bitcoin is currently in a potential breakout phase. If it sustains above $82,000, the next upward target is $85,000. Keep an eye on volume and price action around the support zone to confirm the move.
1. Support Zone (~$82,000 - $81,500):
The price is expected to stabilize or form a small range around this level before pushing higher.
2. Resistance Target (~$85,000):
If the price breaks out, the next key level is around $85,000.
3. Bullish Momentum Potential:
The structure indicates an accumulation phase before a rally.
Forecast Scenarios:
Bullish Scenario (Higher Probability):
If BTC holds support and breaks the minor consolidation range, it may surge toward $85,000.
Bearish Risk:
A break below $81,500 could invalidate the bullish outlook and lead to a deeper pullback.
Conclusion:
Bitcoin is currently in a potential breakout phase. If it sustains above $82,000, the next upward target is $85,000. Keep an eye on volume and price action around the support zone to confirm the move.
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.