Bitcoin (BTC/USDT) Gann Analysis
Hello dear traders,
Bitcoin where to?
📌 Current Market Status:
BTC is trading at $96,480, up +9.43% from the previous move.
The price is currently near the 180° Gann level at $95,316, acting as an important pivot zone.
Key Support & Resistance Levels (Based on Gann Grid):
🟢 Support Levels:
1️⃣ $95,316 (180° Gann Level) → If held, BTC may consolidate before another move up.
2️⃣ $92,266 (90° Gann Level) → Strong demand area; loss of this level may trigger a deeper correction.
3️⃣ $89,285 (0° Gann Level) → The lowest major support, likely to provide a strong bounce if reached.
🔴 Resistance Levels:
1️⃣ $98,434 (270° Gann Level) → Immediate resistance; breaking above it could fuel bullish momentum.
2️⃣ $101,621 (360° Gann Level) → Major resistance; BTC needs to flip this level to confirm an uptrend continuation.
3️⃣ $108,097 (540° Gann Level) → If BTC pushes through, it could target new highs around $114,745.
Market Outlook & Potential Scenarios:
✅ Bullish Scenario:
Holding above $95,316 could lead to a push towards $98,434 and $101,621.
A breakout above $101,621 might confirm a move towards $108,097.
❌ Bearish Scenario:
If BTC loses $95,316, we may see a drop toward $92,266.
Losing $92,266 could trigger a retest of the $89,285 support.
🚀 Final Thoughts:
BTC is currently at a crucial decision point! A breakout above $98,434 could lead to a strong bullish continuation, while a breakdown below $95,316 may bring more downside pressure.
What do you think? Will BTC push higher or correct down? 🤔
Bitcoin where to?
📌 Current Market Status:
BTC is trading at $96,480, up +9.43% from the previous move.
The price is currently near the 180° Gann level at $95,316, acting as an important pivot zone.
Key Support & Resistance Levels (Based on Gann Grid):
🟢 Support Levels:
1️⃣ $95,316 (180° Gann Level) → If held, BTC may consolidate before another move up.
2️⃣ $92,266 (90° Gann Level) → Strong demand area; loss of this level may trigger a deeper correction.
3️⃣ $89,285 (0° Gann Level) → The lowest major support, likely to provide a strong bounce if reached.
🔴 Resistance Levels:
1️⃣ $98,434 (270° Gann Level) → Immediate resistance; breaking above it could fuel bullish momentum.
2️⃣ $101,621 (360° Gann Level) → Major resistance; BTC needs to flip this level to confirm an uptrend continuation.
3️⃣ $108,097 (540° Gann Level) → If BTC pushes through, it could target new highs around $114,745.
Market Outlook & Potential Scenarios:
✅ Bullish Scenario:
Holding above $95,316 could lead to a push towards $98,434 and $101,621.
A breakout above $101,621 might confirm a move towards $108,097.
❌ Bearish Scenario:
If BTC loses $95,316, we may see a drop toward $92,266.
Losing $92,266 could trigger a retest of the $89,285 support.
🚀 Final Thoughts:
BTC is currently at a crucial decision point! A breakout above $98,434 could lead to a strong bullish continuation, while a breakdown below $95,316 may bring more downside pressure.
What do you think? Will BTC push higher or correct down? 🤔
Time is more important than price. When time is up price will reverse." – W. D.
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.
Time is more important than price. When time is up price will reverse." – W. D.
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.