Bitcoin (BTC/USD) – Approaching Key Support with a Potential Rev
Bitcoin (BTC/USD) – Approaching Key Support with a Potential Reversal
📉 Current Market Overview:
Bitcoin (BTC/USD) is trading around $83,928, experiencing a -5.25% decline in the latest session. The price is currently respecting a descending channel, forming lower highs and lower lows, signaling a short-term bearish trend.
🔍 Technical Analysis:
Trend: BTC is moving within a well-defined downtrend channel, with key resistance and support levels clearly visible.
Support Zone: A strong demand area is identified in the $75,000–$78,000 range (green zone). If the price reaches this level, a potential bullish reversal could be in play.
Resistance Levels: The price must break through the $87,000–$90,000 resistance area to signal a trend shift. The psychological level of $100,000 remains a key target for bulls.
📈 Possible Scenarios:
✅ Bullish Reversal: If BTC finds support at the lower boundary, a bounce toward the upper channel resistance near $87,000–$90,000 could follow. A breakout above this range could push BTC toward $100,000.
❌ Bearish Continuation: A breakdown below the key support zone could lead to further declines, with $75,000 as the next critical level to watch.
🚀 Market Sentiment:
Traders are closely monitoring this setup as BTC approaches a major inflection point. Will we see a strong rebound, or is more downside ahead?
👉 What’s your take on BTC’s next move? Drop
📉 Current Market Overview:
Bitcoin (BTC/USD) is trading around $83,928, experiencing a -5.25% decline in the latest session. The price is currently respecting a descending channel, forming lower highs and lower lows, signaling a short-term bearish trend.
🔍 Technical Analysis:
Trend: BTC is moving within a well-defined downtrend channel, with key resistance and support levels clearly visible.
Support Zone: A strong demand area is identified in the $75,000–$78,000 range (green zone). If the price reaches this level, a potential bullish reversal could be in play.
Resistance Levels: The price must break through the $87,000–$90,000 resistance area to signal a trend shift. The psychological level of $100,000 remains a key target for bulls.
📈 Possible Scenarios:
✅ Bullish Reversal: If BTC finds support at the lower boundary, a bounce toward the upper channel resistance near $87,000–$90,000 could follow. A breakout above this range could push BTC toward $100,000.
❌ Bearish Continuation: A breakdown below the key support zone could lead to further declines, with $75,000 as the next critical level to watch.
🚀 Market Sentiment:
Traders are closely monitoring this setup as BTC approaches a major inflection point. Will we see a strong rebound, or is more downside ahead?
👉 What’s your take on BTC’s next move? Drop
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.