BTC's next market trend
Hello traders
The price is consolidating between 100096 and 96700, indicating a potential upward move toward 100096. If the price breaks above this level with strong momentum and volume, it is likely to continue rising toward 102360, where it may enter the bullish zone. Further bullish movement could push the price toward 106961, where it might face stronger resistance. The ascending trendline and recent bullish attempts suggest that buyers are trying to gain control, supporting the bullish outlook.
If the price fails to break 100096 and reverses, it may retest the lower support at 96700. A confirmed bearish trend will start if the price drops below 96700 and exits the ascending channel, leading to further downside movement. In that case, possible support levels to watch are 93723 and 91579, where buyers might attempt to regain control.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
The price is consolidating between 100096 and 96700, indicating a potential upward move toward 100096. If the price breaks above this level with strong momentum and volume, it is likely to continue rising toward 102360, where it may enter the bullish zone. Further bullish movement could push the price toward 106961, where it might face stronger resistance. The ascending trendline and recent bullish attempts suggest that buyers are trying to gain control, supporting the bullish outlook.
If the price fails to break 100096 and reverses, it may retest the lower support at 96700. A confirmed bearish trend will start if the price drops below 96700 and exits the ascending channel, leading to further downside movement. In that case, possible support levels to watch are 93723 and 91579, where buyers might attempt to regain control.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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100% accurate trading signals
Free trading strategies
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t.me/KevinTaylor999
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.