Chart analysis for Bitcoin.
A view of Bitcoin, focusing on key technical levels and market structure:
Trend and Price Activity
Downtrend Confirmation:
The price is clearly following a descending trendline. Attempts to break this line near the $111,000-$112,000 resistance level have failed.
Resistance Zone:
The gray area around $111,000-$112,000 represents a supply zone where the price struggled and faced selling pressure.
A very high resistance band exists near $123,000-$124,000 (upper chart), but the price is still well below this level.
Support Zone:
The large green box at $102,000-$106,000 marks a key demand zone, indicating where buyers could step in for a potential reversal or bounce.
DYOR | NFA
A view of Bitcoin, focusing on key technical levels and market structure:
Trend and Price Activity
Downtrend Confirmation:
The price is clearly following a descending trendline. Attempts to break this line near the $111,000-$112,000 resistance level have failed.
Resistance Zone:
The gray area around $111,000-$112,000 represents a supply zone where the price struggled and faced selling pressure.
A very high resistance band exists near $123,000-$124,000 (upper chart), but the price is still well below this level.
Support Zone:
The large green box at $102,000-$106,000 marks a key demand zone, indicating where buyers could step in for a potential reversal or bounce.
DYOR | NFA
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.
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.