BTC has shown a strong move after breaking the descending trendline and is now facing rejection near the upper boundary of an ascending channel.
Currently, price is pulling back towards the 75k support zone, which is acting as a key level for continuation. This pullback appears healthy within an overall bullish structure.
As long as BTC holds above 75k, the uptrend remains intact and we can expect continuation towards 78k and potentially 80k.
However, a breakdown below 73.8k could trigger a deeper correction towards 72k levels.
Key Levels:
Support: 75k / 73.8k
Resistance: 78k / 80k
Watching for confirmation at support before next move.
Currently, price is pulling back towards the 75k support zone, which is acting as a key level for continuation. This pullback appears healthy within an overall bullish structure.
As long as BTC holds above 75k, the uptrend remains intact and we can expect continuation towards 78k and potentially 80k.
However, a breakdown below 73.8k could trigger a deeper correction towards 72k levels.
Key Levels:
Support: 75k / 73.8k
Resistance: 78k / 80k
Watching for confirmation at support before next move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.