BTCUSD BTC is currently trading around 77,876–77,900, approaching a newly identified buying zone.1. Buying Zone: 77,526–77,855
A new buying zone has been established around this area.
Buyers may attempt to defend this zone and push price toward the 80K level.
This is an important area to watch for potential demand and buying interest.
A sustained move below this zone would weaken the immediate bullish scenario.
2. Resistance: 79,178
This is the immediate resistance above the current price.
BTC needs to reclaim this level to establish further bullish momentum.
A successful breakout could open the way toward the higher selling zone.
3. Selling Zone: 79,697–80,114
This is the major supply area marked on the chart.
If BTC manages to reclaim resistance, this becomes the next important area to watch.
Sellers may attempt to defend this zone, while buyers will look for acceptance above it.
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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.