Forecast Based on the Chart:
Support Level: Around $85,300 (marked with a red horizontal line).
Resistance Level: Around $86,400 (marked with a red rectangle).
Pattern & Projection:
The price is expected to consolidate slightly above the support level.
If it holds, a breakout towards $86,400 is possible.
If rejected at resistance, a retracement back to support may occur.
Conclusion: If Bitcoin maintains support around $85,300, it may push towards $86,400. A breakout above resistance could signal further bullish momentum, while a breakdown below support may lead to further declines.
Support Level: Around $85,300 (marked with a red horizontal line).
Resistance Level: Around $86,400 (marked with a red rectangle).
Pattern & Projection:
The price is expected to consolidate slightly above the support level.
If it holds, a breakout towards $86,400 is possible.
If rejected at resistance, a retracement back to support may occur.
Conclusion: If Bitcoin maintains support around $85,300, it may push towards $86,400. A breakout above resistance could signal further bullish momentum, while a breakdown below support may lead to further declines.
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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.