BTC new support and resistance!!
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Let's analyze BTCUSDT :
Bitcoin rebounded from the support level at $92,500 to reach $99,000 again but couldn't maintain that price. After this, BTC fell back down. This appears to be an ideal retest scenario with the current support at $94,700 and the next support levels ranging from $92,500 to $91,000. BTC might dip back into the 92.5k to 91k range in a short-term bearish scenario. However, it's likely to trade within the 99k to 91k range until there's an influx of new trading volume.
Key Support Levels:
$94,700
$92,500-$91,100
Key Resistance Level:
$98,500
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze BTCUSDT :
Bitcoin rebounded from the support level at $92,500 to reach $99,000 again but couldn't maintain that price. After this, BTC fell back down. This appears to be an ideal retest scenario with the current support at $94,700 and the next support levels ranging from $92,500 to $91,000. BTC might dip back into the 92.5k to 91k range in a short-term bearish scenario. However, it's likely to trade within the 99k to 91k range until there's an influx of new trading volume.
Key Support Levels:
$94,700
$92,500-$91,100
Key Resistance Level:
$98,500
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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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.
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.