Bitcoin is currently trading at $88,049, showing a +2.28% gain for the day. The price has been moving within an ascending channel (green) after a significant downtrend, approaching a critical Area of Interest (AOI) on the Daily timeframe.
📈 Bullish Scenario:
If BTC breaks above the AOI Daily zone and the descending trendline (orange), it could confirm a bullish continuation.
The next major target (TP) would be around the $108,000 - $112,000 resistance zone.
The price might retest the breakout level before continuing the uptrend.
📉 Bearish Scenario:
If BTC faces rejection at AOI Daily and breaks below the ascending channel, a pullback towards the lower support zone is likely.
A potential take-profit (TP) level for shorts is in the $74,000 - $76,000 area, aligning with previous support.
⚠️ Key Levels to Watch:
Resistance: $108,000 - $112,000
Support: $72,000 - $76,000
VWAP: Currently at $87,454, acting as a dynamic support/resistance level
Conclusion
Bitcoin is at a critical decision point. A breakout above AOI Daily could lead to a strong rally, while rejection may result in a bearish correction. Traders should watch price action closely and manage risk accordingly.
🔔 What’s your outlook? Bullish or Bearish? Let me know in the comments!
📈 Bullish Scenario:
If BTC breaks above the AOI Daily zone and the descending trendline (orange), it could confirm a bullish continuation.
The next major target (TP) would be around the $108,000 - $112,000 resistance zone.
The price might retest the breakout level before continuing the uptrend.
📉 Bearish Scenario:
If BTC faces rejection at AOI Daily and breaks below the ascending channel, a pullback towards the lower support zone is likely.
A potential take-profit (TP) level for shorts is in the $74,000 - $76,000 area, aligning with previous support.
⚠️ Key Levels to Watch:
Resistance: $108,000 - $112,000
Support: $72,000 - $76,000
VWAP: Currently at $87,454, acting as a dynamic support/resistance level
Conclusion
Bitcoin is at a critical decision point. A breakout above AOI Daily could lead to a strong rally, while rejection may result in a bearish correction. Traders should watch price action closely and manage risk accordingly.
🔔 What’s your outlook? Bullish or Bearish? Let me know in the comments!
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