1. Uptrend in a Channel: Bitcoin is moving inside an ascending channel, indicating a bullish trend.
2. Resistance Zone (88,000 - 89,000): The price might struggle to break this level and could reverse downward.
3. Support Zone (86,500 - 87,000): This is where buyers might step in to push the price back up.
4. Expected Movement: The price may rise toward the resistance, face rejection, and then drop toward the support zone. If support breaks, a further drop could happen.
However, if Bitcoin gains strong bullish momentum, it could break above resistance and move even higher. Always wait for confirmation before making trading decisions.
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2. Resistance Zone (88,000 - 89,000): The price might struggle to break this level and could reverse downward.
3. Support Zone (86,500 - 87,000): This is where buyers might step in to push the price back up.
4. Expected Movement: The price may rise toward the resistance, face rejection, and then drop toward the support zone. If support breaks, a further drop could happen.
However, if Bitcoin gains strong bullish momentum, it could break above resistance and move even higher. Always wait for confirmation before making trading decisions.
support us by liking, following and sharing.
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