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BTCUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

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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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