This Bitcoin (BTC/USD) price analysis chart on a daily timeframe (1D) from Coinbase suggests a technical outlook for future price movements.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
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t.me/Signal_Expert78
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/Signal_Expert78
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/Signal_Expert78
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.