"Bitcoin Approaching Key Resistance – Breakout or Rejection
This BTC/USD chart shows a descending wedge pattern with a key resistance zone around 99,000. The price is currently approaching the upper trendline of the wedge, with a breakout potential if bullish momentum sustains. Multiple change-of-character (ChOCH) points indicate shifts in structure, with a bullish bias forming.
Key levels to watch:
- Resistance at 99,000 (breakout confirmation needed)
- Support around 97,270 and 95,873
- Potential breakout target above 100,000 if price clears resistance
A breakout above 99,000 with strong volume could signal further upside, while rejection at this level might lead to a retest of lower support zones.
Key levels to watch:
- Resistance at 99,000 (breakout confirmation needed)
- Support around 97,270 and 95,873
- Potential breakout target above 100,000 if price clears resistance
A breakout above 99,000 with strong volume could signal further upside, while rejection at this level might lead to a retest of lower support zones.
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.