The primary trend of Bitcoin is bullish.
It is currently bouncing after taking support of the ascending trendline and the order block.
However, the FVG is acting as a crucial resistance, a breakout of which will drive prices to higher resistance zones.
Key Levels: R1 : 80450 R2 : 81500
S1 : 79800 S2 : 78500
Alternative Scenario: If price fails to hold above 80,450, but fall below 79800. Then bearish momentum may increase toward lower support zones.
It is currently bouncing after taking support of the ascending trendline and the order block.
However, the FVG is acting as a crucial resistance, a breakout of which will drive prices to higher resistance zones.
Key Levels: R1 : 80450 R2 : 81500
S1 : 79800 S2 : 78500
Alternative Scenario: If price fails to hold above 80,450, but fall below 79800. Then bearish momentum may increase toward lower support zones.
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.
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.