BTCUSD technical analysis. 1h time frame next move possible.

11 Nis

This chart shows the 1-hour price action of Bitcoin (BTC/USD) on the Bitstamp exchange. Here are the key observations and interpretations:

1. Current Price: Around $81,607, up 2.59% recently.


2. Resistance Zone: The horizontal purple line near $84,000 is marked as a strong resistance level. The red arrow indicates a possible bullish breakout after consolidation.


3. Support Zones:

Primary Support: Around $77,800–$78,600 (highlighted red/yellow box).

Secondary Support: Around $74,000–$75,000.



4. Key Levels Highlighted: Orange circles indicate significant swing highs and lows—used to identify support/resistance areas.


5. Bullish Structure: The red zigzag path suggests a potential bullish continuation pattern, assuming it breaks above the resistance.



Let me know if you'd like a technical analysis or trade suggestion based on this chart.

11 Nis

İşlem kapandı: hedefe ulaştı

BTCUSD Target successfully reached. 300 PIPS HIT.