BTCUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a Bitcoin (BTC/USD) 1-hour chart from TradingView, showing a bullish outlook for BTC. Here's what it means:
Key Elements of the Chart:
1. Resistance Levels (Blue Zones & Black Line at $95,145):
The price previously dropped from the resistance zone around $95,145.
Another resistance area is forming around $85,000 (blue shaded zone).
2. Current Price Action:
BTC is currently at $83,236 and moving upward toward the $85,000 resistance.
The blue upward arrow suggests a bullish breakout from this zone.
3. Bullish Projection (Blue Arrow):
If BTC breaks above $85,000, it could continue rising toward $95,145.
The arrow indicates a potential long trade opportunity if resistance is broken.
Conclusion:
If BTC breaks above $85,000, the next major target is $95,145.
If resistance holds, BTC could face rejection and move lower.
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