Based on the previous analysis, Bitcoin 🟠 has respected the ascending trendline 📈 and is currently advancing toward the $84,000 resistance zone.
Over the next 48 hours ⏳, a potential rejection ❌ from the supply area (marked by the red rectangle 🟥) is anticipated.
Should the ascending trendline 📈 fail to hold, a retest (pullback) 🔄 toward the broken trendline may occur.
Additionally, interaction with the daily descending trendline (red line 🔻) could reinforce selling pressure 📉, increasing the likelihood of a deeper corrective move
Over the next 48 hours ⏳, a potential rejection ❌ from the supply area (marked by the red rectangle 🟥) is anticipated.
Should the ascending trendline 📈 fail to hold, a retest (pullback) 🔄 toward the broken trendline may occur.
Additionally, interaction with the daily descending trendline (red line 🔻) could reinforce selling pressure 📉, increasing the likelihood of a deeper corrective move
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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.