BTC/USD has experienced an impulsive move higher since the 89,030-swing low posted on January 13. Currently, the pair is testing key resistance levels:
Bespoke resistance: Located at 102,261.
161.8% Fibonacci extension: Positioned at 102,424.
A weekly close above 102,735 would confirm bullish momentum, increasing the likelihood of BTC/USD reaching a new all-time high next week.
Key Support: The next major support is not seen until 93,563, highlighting potential downside risks if the resistance holds.
Key Levels to Watch:
Resistance: 102,735 (weekly close for bullish confirmation).
Support: 93,563.
#BTCUSD #Crypto #WeeklyOutlook #TechnicalAnalysis #TradingStrategy
Bespoke resistance: Located at 102,261.
161.8% Fibonacci extension: Positioned at 102,424.
A weekly close above 102,735 would confirm bullish momentum, increasing the likelihood of BTC/USD reaching a new all-time high next week.
Key Support: The next major support is not seen until 93,563, highlighting potential downside risks if the resistance holds.
Key Levels to Watch:
Resistance: 102,735 (weekly close for bullish confirmation).
Support: 93,563.
#BTCUSD #Crypto #WeeklyOutlook #TechnicalAnalysis #TradingStrategy
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Get PURE white-hat Forex Trading Signals in your local time zone. Our TOP market analyst team generates all VIP FX signals. 85% Accuracy. Weekly 500+ Pips.
FREE to join!
pipswin.com
FREE to join!
pipswin.com
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.