BTC
The price is approaching the 100k resistance zone, which aligns with a critical trendline from the upper boundary of the channel.
Resistance Zone:
The green zone highlights the resistance area, where the price historically struggles to break above due to selling pressure.
If Bitcoin surpasses this level, it could signal a new bullish breakout toward higher targets.
Potential Scenarios:
A rejection at $96,000 might lead to a pullback, testing lower support levels within the trend.
A breakout above $96,000 could signal the start of a new parabolic rally, possibly targeting the next red line (above $130,000).
Historical Context:
The chart suggests Bitcoin tends to respect these long-term trendlines, with price consolidations and rallies within the channels.
Safe All!
Stone.
Resistance Zone:
The green zone highlights the resistance area, where the price historically struggles to break above due to selling pressure.
If Bitcoin surpasses this level, it could signal a new bullish breakout toward higher targets.
Potential Scenarios:
A rejection at $96,000 might lead to a pullback, testing lower support levels within the trend.
A breakout above $96,000 could signal the start of a new parabolic rally, possibly targeting the next red line (above $130,000).
Historical Context:
The chart suggests Bitcoin tends to respect these long-term trendlines, with price consolidations and rallies within the channels.
Safe All!
Stone.
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.
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.