Bitcoin (BTCUSD) is showing interesting price action on the 3D

🔥 BTCUSD Analysis: Potential Move Ahead on the 3D Chart 📊

Bitcoin (BTCUSD) is showing interesting price action on the 3D chart, with signals indicating a possible correction or a breakout depending on key levels. Let's analyze the current situation and potential scenarios.

📈 Current Price:** $97,706**
Potential Target:** $95,000 (Bearish) / $100,000 (Bullish)

🔑 Key Levels to Watch:
🔹 **Support Zone:** $96,000 - $95,000
🔹 **Resistance Zone:** $98,500 - $100,000

📊 Technical Insights:
🔸 **RSI Neutral:** No clear overbought or oversold signal yet.
🔸 **MACD Crossover:** Bearish signal on the 3D timeframe.
🔸 **Descending Trendline:** Acts as strong resistance.

BTCUSD has been forming a potential descending wedge pattern, indicating a possible retest of the $95,000 level before a bounce.

1. **Bearish View:** If BTCUSD loses $95,000 support, we may see an extended correction toward $92,000.
   
2. **Bullish View:** A breakout above $98,500 could push the price back to $100,000 and beyond.
   

⚠️ **Note:** If BTCUSD drops below $95,000, more downside may be expected. ⚠️

🔔 **Be sure to follow updated ideas for real-time insights!** 🔔

⏰ **Analysis Time:** BTCUSD 3D chart, long-term perspective.

⚖️ **Always set a Stop Loss** to manage your risk! 🚨