Bitcoin Bounce From Trend Line Could Trigger Another Move Higher

Sep 11

Hello traders! Here’s my technical outlook based on the current BTCUSDT (3H) chart structure. BTCUSDT previously traded inside a descending structure before breaking higher with a strong impulse up and shifting bullish. Price then formed a range, tested and retested the 80,000 Seller Zone before pulling back and bouncing from the Buyer Zone and Trend Line. Currently, BTCUSDT is trading below the 80,000 Seller Zone while holding above the 76,000 Buyer Zone and ascending Trend Line. The recent bounce from support suggests buyers are preparing for another attempt higher. As long as BTCUSDT remains above the 76,000 Buyer Zone and respects the ascending Trend Line, the bullish scenario remains valid. A continuation higher could push price toward the 80,000 Seller Zone (TP1). However, a breakdown and close below the Buyer Zone would weaken the bullish outlook and increase the possibility of further downside. Please share this idea with your friends and click "Boost" 🚀

Sep 13

Trade active

We can see from the chart that there was an impulse up to 78,800, followed by a pullback to the support level. In my opinion, Bitcoin will resume its upward movement tomorrow!

Sep 15

Trade closed: target reached

As we can see from today's chart, we managed to get the desired bounce off the support level, reach the sellers' zone, and hit the target of 79,600.