Bitcoin: Testing the Edge of Support
Bitcoin continues to face pressure after rejecting the 106,400 resistance zone.
Price is now hovering around a key support area near 103,500, which has acted as both support and resistance multiple times before.
A failed recovery from this zone could open the way for a deeper correction.
Short-term bullish retests may happen, but the bias remains bearish as long as BTC stays below 106K.
Key Targets:
🎯 Quick Target: 99,480
🎯 Target 1: 96,830
🎯 Target 2: 93,970
A break below 103K would rise the chances for continuation of the downtrend toward these lower levels.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bitcoin continues to face pressure after rejecting the 106,400 resistance zone.
Price is now hovering around a key support area near 103,500, which has acted as both support and resistance multiple times before.
A failed recovery from this zone could open the way for a deeper correction.
Short-term bullish retests may happen, but the bias remains bearish as long as BTC stays below 106K.
Key Targets:
🎯 Quick Target: 99,480
🎯 Target 1: 96,830
🎯 Target 2: 93,970
A break below 103K would rise the chances for continuation of the downtrend toward these lower levels.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.