This is a Bitcoin (BTC/USD) price chart on the 1-hour timeframe from TradingView. The price is currently at $86,278, down -0.68%.
Key Observations:
1. Support Zone (Purple Line): A strong horizontal support/resistance level is drawn around $85,000.
2. Breakout & Retest: The price recently broke above this support zone, retested it, and bounced back up.
3. Bullish Projection (Blue Arrow): A potential bullish move is indicated, suggesting further upside momentum.
This chart suggests a possible continuation of the uptrend if the support holds. Let me know if you need further analysis!
Key Observations:
1. Support Zone (Purple Line): A strong horizontal support/resistance level is drawn around $85,000.
2. Breakout & Retest: The price recently broke above this support zone, retested it, and bounced back up.
3. Bullish Projection (Blue Arrow): A potential bullish move is indicated, suggesting further upside momentum.
This chart suggests a possible continuation of the uptrend if the support holds. Let me know if you need further analysis!
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.
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.