Hello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin is currently consolidating within a well-defined range between $88,000 and $95,000, while continuing to trade inside an ascending channel.
The lower boundary of this ascending channel aligns closely with the $88,000 support zone, adding confluence and strengthening this area as a key demand region. At the moment, price action is hovering near the channel support, suggesting that selling pressure is weakening.
As long as the price holds above the $88,000 support, we expect some short-term consolidation followed by a bullish push toward the upper range at $95,000.
A clean breakout above $95,000 could open the door for a continuation move toward the upper boundary of the ascending channel, which would act as the next upside target.
A sustained break below the channel support would invalidate this scenario.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin is currently consolidating within a well-defined range between $88,000 and $95,000, while continuing to trade inside an ascending channel.
The lower boundary of this ascending channel aligns closely with the $88,000 support zone, adding confluence and strengthening this area as a key demand region. At the moment, price action is hovering near the channel support, suggesting that selling pressure is weakening.
As long as the price holds above the $88,000 support, we expect some short-term consolidation followed by a bullish push toward the upper range at $95,000.
A clean breakout above $95,000 could open the door for a continuation move toward the upper boundary of the ascending channel, which would act as the next upside target.
A sustained break below the channel support would invalidate this scenario.
Don’t forget to like and share your thoughts in the comments! ❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.