Bitcoin Forecast: Trend Support Points to Further Gains To 82K

May 12

Hello traders! Here is my technical outlook based on the current BTCUSDT (2H) chart structure. Bitcoin previously traded within a range before breaking out and entering a strong bullish phase. After the breakout, price advanced inside an ascending channel and later consolidated above the major trend line, confirming sustained buying momentum. Currently, BTCUSDT is trading above the 80,200 buyer zone, which acts as strong support, while approaching the 82,000 seller zone. Price is also respecting the ascending trend line, and the recent bounce from this area indicates that buyers remain in control. As long as BTCUSDT holds above the 80,200 support and respects the ascending trend line, the bullish scenario remains valid. A continuation higher could push price toward the 82,000 resistance level (TP1). Please share this idea with your friends and click "Boost" 🚀

May 13

Trade active

As we can see, the correction took place and there was even a fake breakout of the trend line. This may indicate that the price may go there again. But at the moment we see a small growth along the trend line!

May 14

Trade closed manually

Today we see that the price has broken the trend line. So the setup is currently irrelevant, we need to analyze the situation again!