Bitcoin (BTC/USD) Technical Analysis
Bitcoin is currently trading at $93,878, up +9.12% on the day. The chart highlights a Supply Zone between approximately $94,000 - $101,000, where price previously faced strong selling pressure. BTC recently tested this zone and saw a sharp rejection, leading to a significant drop.
A bearish breakdown has set up a potential move towards the Target Area around $73,500 - $73,200, aligning with prior support levels. If selling momentum continues, BTC could test this key demand area.
However, a strong reclaim of the supply zone could invalidate this bearish outlook.
Key Levels:
- Resistance (Supply Zone): $94,000 - $101,000
- Support (Target Area): $73,500 - $73,200
- Current Price: $93,878
Traders should watch for price action near the supply zone for potential rejection or breakout confirmation.
If you enjoy, press the like button.
Bitcoin is currently trading at $93,878, up +9.12% on the day. The chart highlights a Supply Zone between approximately $94,000 - $101,000, where price previously faced strong selling pressure. BTC recently tested this zone and saw a sharp rejection, leading to a significant drop.
A bearish breakdown has set up a potential move towards the Target Area around $73,500 - $73,200, aligning with prior support levels. If selling momentum continues, BTC could test this key demand area.
However, a strong reclaim of the supply zone could invalidate this bearish outlook.
Key Levels:
- Resistance (Supply Zone): $94,000 - $101,000
- Support (Target Area): $73,500 - $73,200
- Current Price: $93,878
Traders should watch for price action near the supply zone for potential rejection or breakout confirmation.
If you enjoy, press the like button.
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🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
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t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。