Technical Analysis Of BTC/USD
Bitcoin Technical Analysis – 4H Chart
🔻 Downward Trendline Pressure
Bitcoin has been consistently rejected from the downward trendline (highlighted in orange circles), showing strong bearish resistance in recent months.
🔄 Consolidation Near Breakout Zone
Price is currently consolidating just below the key resistance area and trendline. A breakout from this level could trigger a strong bullish move.
📉 Support Levels Holding
The price is forming higher lows and respecting the support zone, indicating buyers are stepping in on dips.
🔼 Breakout Watch
If BTC can decisively break above the red resistance area and the descending trendline, we may see a rapid move toward the target zone around $98,000–$100,000.
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Bitcoin Technical Analysis – 4H Chart
🔻 Downward Trendline Pressure
Bitcoin has been consistently rejected from the downward trendline (highlighted in orange circles), showing strong bearish resistance in recent months.
🔄 Consolidation Near Breakout Zone
Price is currently consolidating just below the key resistance area and trendline. A breakout from this level could trigger a strong bullish move.
📉 Support Levels Holding
The price is forming higher lows and respecting the support zone, indicating buyers are stepping in on dips.
🔼 Breakout Watch
If BTC can decisively break above the red resistance area and the descending trendline, we may see a rapid move toward the target zone around $98,000–$100,000.
Thanks for your support!
If you found this idea helpful, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, and trading strategies. Let’s grow and trade smarter together! 📈
Zlecenie aktywne
Uwaga
Trade running in good profit Uwaga
trade running 350 pips+ profitsUwaga
price at resistance level, we can see more upside bitcoin after breakout resistance area. Uwaga
Uwaga
achieved 600 pips+ Uwaga
congrats price touched 93k$Transakcja zamknięta: osiągnięto wyznaczony cel
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