Bitcoin (BTC/USD) – Potential Bullish Reversal Setup

Bitcoin (BTC/USD) – Potential Bullish Reversal Setup

📉 Market Structure & Key Levels

Current Price: 83,683 USD (-1.13%)

Major Support Zone: 79,096 - 83,493 USD (Highlighted in Green)

Resistance Levels: 90,110 USD & 97,660 USD


📊 Trade Setup – Long Position Strategy

🔹 Entry Confirmation: Potential breakout from the descending trendline.
🔹 Stop Loss: 79,096 USD (Below support for risk management).
🔹 Take Profit 1: 90,110 USD (First target at key resistance).
🔹 Take Profit 2: 97,660 USD (Extended target for higher gains).

📌 Technical Analysis Insight

✔ Trend Reversal: Signs of bullish momentum as price approaches resistance zone.
✔ Volume Surge: Increased buying pressure indicates a possible trend change.
✔ Risk-to-Reward: Well-structured trade with favorable risk/reward ratio.

⏳ Conclusion: If Bitcoin holds above the support zone and breaks the trendline, a strong upward move towards 90,110 and 97,660 USD is highly probable.

📢 What’s your outlook on BTC? Drop your thoughts below!