Chart analysis for Bitcoin.
A view of Bitcoin, focusing on key technical levels and market structure:
Trend and Price Activity
Downtrend Confirmation:
The price is clearly following a descending trendline. Attempts to break this line near the $111,000-$112,000 resistance level have failed.
Resistance Zone:
The gray area around $111,000-$112,000 represents a supply zone where the price struggled and faced selling pressure.
A very high resistance band exists near $123,000-$124,000 (upper chart), but the price is still well below this level.
Support Zone:
The large green box at $102,000-$106,000 marks a key demand zone, indicating where buyers could step in for a potential reversal or bounce.
DYOR | NFA
A view of Bitcoin, focusing on key technical levels and market structure:
Trend and Price Activity
Downtrend Confirmation:
The price is clearly following a descending trendline. Attempts to break this line near the $111,000-$112,000 resistance level have failed.
Resistance Zone:
The gray area around $111,000-$112,000 represents a supply zone where the price struggled and faced selling pressure.
A very high resistance band exists near $123,000-$124,000 (upper chart), but the price is still well below this level.
Support Zone:
The large green box at $102,000-$106,000 marks a key demand zone, indicating where buyers could step in for a potential reversal or bounce.
DYOR | NFA
İlgili yayınlar
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.
İlgili yayınlar
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.