Bitcoin (BTC/USD) Technical Analysis
Bitcoin is currently trading at $93,878, up +9.12% on the day. The chart highlights a Supply Zone between approximately $94,000 - $101,000, where price previously faced strong selling pressure. BTC recently tested this zone and saw a sharp rejection, leading to a significant drop.
A bearish breakdown has set up a potential move towards the Target Area around $73,500 - $73,200, aligning with prior support levels. If selling momentum continues, BTC could test this key demand area.
However, a strong reclaim of the supply zone could invalidate this bearish outlook.
Key Levels:
- Resistance (Supply Zone): $94,000 - $101,000
- Support (Target Area): $73,500 - $73,200
- Current Price: $93,878
Traders should watch for price action near the supply zone for potential rejection or breakout confirmation.
If you enjoy, press the like button.
Bitcoin is currently trading at $93,878, up +9.12% on the day. The chart highlights a Supply Zone between approximately $94,000 - $101,000, where price previously faced strong selling pressure. BTC recently tested this zone and saw a sharp rejection, leading to a significant drop.
A bearish breakdown has set up a potential move towards the Target Area around $73,500 - $73,200, aligning with prior support levels. If selling momentum continues, BTC could test this key demand area.
However, a strong reclaim of the supply zone could invalidate this bearish outlook.
Key Levels:
- Resistance (Supply Zone): $94,000 - $101,000
- Support (Target Area): $73,500 - $73,200
- Current Price: $93,878
Traders should watch for price action near the supply zone for potential rejection or breakout confirmation.
If you enjoy, press the like button.
Dagangan aktif
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Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
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.