BTC/USD Monthly Chart – Moving Average Support & Resistance Analysis
This monthly candlestick chart of Bitcoin (BTC/USD) illustrates the long-term price action with key dynamic support and resistance levels based on a moving average indicator (likely a 10 or 20-period EMA/SMA).
Support Zones: The chart highlights several points where Bitcoin’s price found support along the moving average, indicating strong buying interest and trend continuation. These support levels occurred after each consolidation or correction phase, suggesting the moving average acts as a dynamic floor in uptrends.
Resistance Zone: Prior to the major breakout, the moving average acted as resistance, capping price movement and signaling bearish pressure. Once price broke above it, the level flipped to support, reinforcing the bullish momentum.
Trendline & Price Structure: A dotted upward trendline connects major swing lows, confirming a higher-low structure and an overall bullish trend. The current price action around the $100,000 level shows Bitcoin holding above support, suggesting potential for continuation toward new highs if support remains intact.
This setup reflects classic trend-following behavior, where the moving average serves as a critical guide for trend direction, entry zones, and risk management.
This monthly candlestick chart of Bitcoin (BTC/USD) illustrates the long-term price action with key dynamic support and resistance levels based on a moving average indicator (likely a 10 or 20-period EMA/SMA).
Support Zones: The chart highlights several points where Bitcoin’s price found support along the moving average, indicating strong buying interest and trend continuation. These support levels occurred after each consolidation or correction phase, suggesting the moving average acts as a dynamic floor in uptrends.
Resistance Zone: Prior to the major breakout, the moving average acted as resistance, capping price movement and signaling bearish pressure. Once price broke above it, the level flipped to support, reinforcing the bullish momentum.
Trendline & Price Structure: A dotted upward trendline connects major swing lows, confirming a higher-low structure and an overall bullish trend. The current price action around the $100,000 level shows Bitcoin holding above support, suggesting potential for continuation toward new highs if support remains intact.
This setup reflects classic trend-following behavior, where the moving average serves as a critical guide for trend direction, entry zones, and risk management.
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