Hello everyone! This is a daily analysis from the trader-analyst at CryptoRobotics.
Yesterday, Bitcoin finally broke out of the range to the upside. The local selling zone at $96,100–$96,600 didn’t show any reaction. On the retest, it acted as a mirror level and supported continued growth.
At the moment, the local bias has shifted. All major volume clusters are now located below the price, so we can expect a new high. If we break through the current high, it’s important to watch the sellers' reaction. A false breakout could lead to a significant drop, but if it doesn't happen, the next potential target is $105,000.
Sell zones:
$98,000 (key level)
$107,000–$109,000 (volume anomalies)
Buy zones:
$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)
$74,800 (key level)
$69,000–$60,600 (accumulated volumes)
What do you think — which scenario will play out?
Drop your thoughts in the comments — it's always interesting to compare views!
This publication is not financial advice.
Yesterday, Bitcoin finally broke out of the range to the upside. The local selling zone at $96,100–$96,600 didn’t show any reaction. On the retest, it acted as a mirror level and supported continued growth.
At the moment, the local bias has shifted. All major volume clusters are now located below the price, so we can expect a new high. If we break through the current high, it’s important to watch the sellers' reaction. A false breakout could lead to a significant drop, but if it doesn't happen, the next potential target is $105,000.
Sell zones:
$98,000 (key level)
$107,000–$109,000 (volume anomalies)
Buy zones:
$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)
$74,800 (key level)
$69,000–$60,600 (accumulated volumes)
What do you think — which scenario will play out?
Drop your thoughts in the comments — it's always interesting to compare views!
This publication is not financial advice.
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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.
Unlock your potential in trading
Related publications
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.