This is a Bitcoin (BTC) / Tether (USDT) 1-hour chart from Binance, published on TradingView. The chart shows price action around the $83,169 level, with a recent decline of -$510.84 (-0.61%).
Key observations:
Resistance Zone: The price has tested a purple-marked resistance area near $84,000.
Support Zone: There's a lower purple-marked support zone around $80,000.
Bearish Projection: A blue arrow suggests a potential bearish move after a failed breakout from resistance.
This analysis implies a possible price drop toward the support zone if BTC fails to hold above the resistance. Do you need further insights or predictions?
Key observations:
Resistance Zone: The price has tested a purple-marked resistance area near $84,000.
Support Zone: There's a lower purple-marked support zone around $80,000.
Bearish Projection: A blue arrow suggests a potential bearish move after a failed breakout from resistance.
This analysis implies a possible price drop toward the support zone if BTC fails to hold above the resistance. Do you need further insights or predictions?
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.