Bitcoin (BTC/USD): Period of Consolidation and Uncertainty
⚠️ Bitcoin (BTC/USD) Wave Analysis
Bitcoin is currently in a consolidation phase, trading within a wide horizontal range on the daily chart after a strong bullish rally.
- **Resistance Zone:** 106,027 - 109,582 (Aligns with the All-Time High resistance)
- **Support Zone:** 89,378 - 92,797
There are two possible scenarios based on price action at these key levels:
1. **Bullish Breakout:** A confirmed breakout and close above resistance could trigger another upward wave, targeting at least 120,040.
2. **Bearish Breakdown:** A break below support may indicate a corrective move.
It is advisable to wait for a decisive breakout before making trading decisions.
Bitcoin is currently in a consolidation phase, trading within a wide horizontal range on the daily chart after a strong bullish rally.
- **Resistance Zone:** 106,027 - 109,582 (Aligns with the All-Time High resistance)
- **Support Zone:** 89,378 - 92,797
There are two possible scenarios based on price action at these key levels:
1. **Bullish Breakout:** A confirmed breakout and close above resistance could trigger another upward wave, targeting at least 120,040.
2. **Bearish Breakdown:** A break below support may indicate a corrective move.
It is advisable to wait for a decisive breakout before making trading decisions.
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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.
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.