Bearish Trend Holds as Bitcoin Stabilizes Below Pivot!!!

4 Eyl

Bearish Momentum Persists as Bitcoin Stabilizes Below Pivot Line: Key Levels and Expected Range

The price has already dropped to the level we previously discussed, and the trend remains bearish. This is confirmed by the daily candle closing below the Pivot line at $56,888, signaling further movement toward the $52,790 support level.

For the trend to shift to bullish, the price would need to stabilize above the $56,890 mark, opening the potential for a move towards $59,950.

Key Levels:

Pivot Line: $56,890
Resistance Levels: $59,950, $62,410, $64,900
Support Levels: $52,800, $49,460, $44,600

Expected Range: Bitcoin is anticipated to fluctuate between $52,790 and $59,950.

previous idea :

10 Eyl

İşlem kapandı: hedefe ulaştı

BTCUSD
Update

The price reached our bearish target perfectly and was rejected automatically

so now as long as trades above 56888 will support the bullish trend to get 59600

15 Eki

İşlem kapandı: hedefe ulaştı

BTCUSD
Update

The price pushed up quickly as we mentioned previously which is about 8%
and still running with the same structure on the chart.