Bitcoin (BTC/USD) cryptocurrency price is attempting to bounce up from a yearly trendline support zone price of $16000.
Bullish scenario: Price could continue to rise and breakout through resistances above. Resistance targets above would be $25000, $32000, $40000, etc. A true breakout would need price to close above $25000 and continue a sustained uptrend rally.
Bearish scenario: Price falls to further test support levels below. Support targets below would be $14000, $10000, $8000, etc. If price were to fall down and close below $16000, the downtrend could continue.
In this weekly chart, the yellow trendlines represent long-term support & resistance price level zones (e.g. 1-year, 5-year, 9-year time lengths of price data).
note: be aware of any breaking/global/fundamental news that could override technical chart setups.
this bitcoin chart is on a weekly time frame, logarithmic scale.
Bullish scenario: Price could continue to rise and breakout through resistances above. Resistance targets above would be $25000, $32000, $40000, etc. A true breakout would need price to close above $25000 and continue a sustained uptrend rally.
Bearish scenario: Price falls to further test support levels below. Support targets below would be $14000, $10000, $8000, etc. If price were to fall down and close below $16000, the downtrend could continue.
In this weekly chart, the yellow trendlines represent long-term support & resistance price level zones (e.g. 1-year, 5-year, 9-year time lengths of price data).
note: be aware of any breaking/global/fundamental news that could override technical chart setups.
this bitcoin chart is on a weekly time frame, logarithmic scale.
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
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。