This Bitcoin (BTC/USD) price analysis chart on a daily timeframe (1D) from Coinbase suggests a technical outlook for future price movements.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
Dagangan aktif
Just wait for target 
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.