Bitcoin Key Support Levels and Potential Reversal Zones

Bitcoin recently approached the anticipated 50k level, nearly fulfilling our previous projection. However, increased selling pressure suggests a potential further decline. The 50k zone now serves as a crucial internal demand area, and its reaction will be pivotal for short-term price direction.
Should the 50k support fail, we've identified a strong external demand area on the chart that's expected to halt any deeper retracement. This zone provides a robust foundation for potential accumulation and trend reversal.
On the upside, an immediate resistance level has been identified as a potential sell-off point. We should monitor this level for possible profit-taking or short entry opportunities.
The current price action indicates a continued bearish bias in the short term, but the identified support levels offer potential for a bullish reversal. We should closely watch for signs of buying pressure or bullish divergences at these key levels.
Overall, Bitcoin's price movement remains within the anticipated range, with critical support and resistance levels clearly defined.
Risk management is crucial given the current market volatility.
Should the 50k support fail, we've identified a strong external demand area on the chart that's expected to halt any deeper retracement. This zone provides a robust foundation for potential accumulation and trend reversal.
On the upside, an immediate resistance level has been identified as a potential sell-off point. We should monitor this level for possible profit-taking or short entry opportunities.
The current price action indicates a continued bearish bias in the short term, but the identified support levels offer potential for a bullish reversal. We should closely watch for signs of buying pressure or bullish divergences at these key levels.
Overall, Bitcoin's price movement remains within the anticipated range, with critical support and resistance levels clearly defined.
Risk management is crucial given the current market volatility.
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Telegram: t.me/+m0IACMn0ul03OTFk
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📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.