Bitcoin on October 29, 2024
Resistance Levels:
Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur.
Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest.
Support Levels:
Primary Support: $68,200. This level has shown recent buying interest and could offer a stabilizing point if Bitcoin faces a pullback.
Secondary Support: $67,500. A breakdown below $68,200 could lead to further declines toward this stronger support zone.
Strategy and Outlook:
Bullish Scenario: If Bitcoin breaks and holds above $69,500, it could signal a continuation toward the $70,000 mark, reinforcing a bullish outlook.
Bearish Scenario: A failure to sustain above $68,200 may increase selling pressure, pushing the price down to test the $67,500 support.
These levels provide actionable points for both potential breakouts and pullbacks, allowing traders to assess real-time movement and volume for intraday positioning
Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur.
Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest.
Support Levels:
Primary Support: $68,200. This level has shown recent buying interest and could offer a stabilizing point if Bitcoin faces a pullback.
Secondary Support: $67,500. A breakdown below $68,200 could lead to further declines toward this stronger support zone.
Strategy and Outlook:
Bullish Scenario: If Bitcoin breaks and holds above $69,500, it could signal a continuation toward the $70,000 mark, reinforcing a bullish outlook.
Bearish Scenario: A failure to sustain above $68,200 may increase selling pressure, pushing the price down to test the $67,500 support.
These levels provide actionable points for both potential breakouts and pullbacks, allowing traders to assess real-time movement and volume for intraday positioning
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.