BTC has broken out of a descending triangle, leading to a strong upside.
Currently trading inside an ascending channel, facing resistance near $90,000.
Bullish Scenario:
If BTC holds above $87,000-$88,000, a continuation toward $92,000-$95,000 is possible.
A strong breakout from this channel could lead to an attempt at $100,000.
Bearish Scenario:
A rejection at the channel's top may push BTC back to the $84,000-$85,000 support level.
If the support breaks, BTC could drop to $79,000-$78,400
Resistance: $90,000, $92,000, $95,000
Support: $85,000, $84,000, $79,000
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Thanks for your support!
DYOR. NFA
Currently trading inside an ascending channel, facing resistance near $90,000.
Bullish Scenario:
If BTC holds above $87,000-$88,000, a continuation toward $92,000-$95,000 is possible.
A strong breakout from this channel could lead to an attempt at $100,000.
Bearish Scenario:
A rejection at the channel's top may push BTC back to the $84,000-$85,000 support level.
If the support breaks, BTC could drop to $79,000-$78,400
Resistance: $90,000, $92,000, $95,000
Support: $85,000, $84,000, $79,000
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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