Current Price: $83,809
The chart shows a symmetrical triangle pattern, indicating a possible breakout soon.
Upper Resistance: Around $86,000
Lower Support: Around $82,000
Key Support Levels: $79,183 and $78,424
Bullish Breakout (Green Arrow)
If BTC breaks above the resistance trendline (~$86K), it could see a strong move towards $90K-$92K.
Confirmation would be a candle close above $86K with volume.
Bearish Breakdown (Red Arrow)
If BTC loses the support trendline (~
82K), it could drop towards $79K-$78K.
The candle closing below82K could fuel further selling.
Market Sentiment:
Fear & Greed Index: 28 (Fear) – Investors remain cautious.
The direction of the breakout will depend on market sentiment and volume.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
The chart shows a symmetrical triangle pattern, indicating a possible breakout soon.
Upper Resistance: Around $86,000
Lower Support: Around $82,000
Key Support Levels: $79,183 and $78,424
Bullish Breakout (Green Arrow)
If BTC breaks above the resistance trendline (~$86K), it could see a strong move towards $90K-$92K.
Confirmation would be a candle close above $86K with volume.
Bearish Breakdown (Red Arrow)
If BTC loses the support trendline (~
82K), it could drop towards $79K-$78K.The candle closing below
82K could fuel further selling.Market Sentiment:
Fear & Greed Index: 28 (Fear) – Investors remain cautious.
The direction of the breakout will depend on market sentiment and volume.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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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.
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.