Bitcoin (BTC/USD): Period of Consolidation and Uncertainty
⚠️ Bitcoin (BTC/USD) Wave Analysis
Bitcoin is currently in a consolidation phase, trading within a wide horizontal range on the daily chart after a strong bullish rally.
- **Resistance Zone:** 106,027 - 109,582 (Aligns with the All-Time High resistance)
- **Support Zone:** 89,378 - 92,797
There are two possible scenarios based on price action at these key levels:
1. **Bullish Breakout:** A confirmed breakout and close above resistance could trigger another upward wave, targeting at least 120,040.
2. **Bearish Breakdown:** A break below support may indicate a corrective move.
It is advisable to wait for a decisive breakout before making trading decisions.
Bitcoin is currently in a consolidation phase, trading within a wide horizontal range on the daily chart after a strong bullish rally.
- **Resistance Zone:** 106,027 - 109,582 (Aligns with the All-Time High resistance)
- **Support Zone:** 89,378 - 92,797
There are two possible scenarios based on price action at these key levels:
1. **Bullish Breakout:** A confirmed breakout and close above resistance could trigger another upward wave, targeting at least 120,040.
2. **Bearish Breakdown:** A break below support may indicate a corrective move.
It is advisable to wait for a decisive breakout before making trading decisions.
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.
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.