Bitcoin Price is currently fluctuating within a defined range between 92k and 89K. The highlighted zone shows a period of consolidation with both bullish and bearish reactions inside the range.
Technically Bitcoin is maintaining its position inside this channel, but the overall structure is leaning bearish as price repeatedly tests the lower boundaries focus on the key levels, price may decline deeper toward the next major support areas at 87K and possibly 85K
If price holds above 90K a bullish rebound is possible, with potential upside targets at and 93K further at the upper channel level near 95k bullish scenario, where price bounces upward and breaks the upper region of the range, rising toward the marked targets.
If the price reacts to the bearish side where price fails to hold above support and follows a downward continuation downside then support level would be 87K to 85K,
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
Technically Bitcoin is maintaining its position inside this channel, but the overall structure is leaning bearish as price repeatedly tests the lower boundaries focus on the key levels, price may decline deeper toward the next major support areas at 87K and possibly 85K
If price holds above 90K a bullish rebound is possible, with potential upside targets at and 93K further at the upper channel level near 95k bullish scenario, where price bounces upward and breaks the upper region of the range, rising toward the marked targets.
If the price reacts to the bearish side where price fails to hold above support and follows a downward continuation downside then support level would be 87K to 85K,
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
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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.