Forecast Based on This Analysis:
Short-term: BTC is expected to consolidate around the lower support area before rebounding.
Mid-term: If the support holds, BTC could rally toward the $87,000 resistance level.
Risk Factors: A breakdown below the support zone could invalidate the bullish outlook and lead to further downside.
Short-term: BTC is expected to consolidate around the lower support area before rebounding.
Mid-term: If the support holds, BTC could rally toward the $87,000 resistance level.
Risk Factors: A breakdown below the support zone could invalidate the bullish outlook and lead to further downside.
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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.