Support and Resistance Levels of BTC

Support and Resistance Levels Support and resistance levels are key price levels where a significant number of buy or sell orders tend to accumulate, respectively.

Support: This is a price level where buying interest is strong enough to prevent further decline. It acts as a floor, and prices tend to bounce upwards from this level.

Resistance: This is a price level where selling interest is strong enough to halt further price increases. It acts as a ceiling, and prices often pull back from this level.