Hello Traders! 👋
What are your thoughts on Bitcoin ?
Bitcoin continues to trade within a well-defined descending channel. After reaching the major resistance zone around 82,000 and the upper boundary of the channel, price faced strong selling pressure and was rejected from that area.
Over the past few days, Bitcoin has experienced a notable decline, breaking below the key support zone around 65,000, which has further reinforced the bearish market structure.
Price has now reached a support area that could provide short-term buying interest and temporarily prevent further downside. As a result, a bullish correction and a potential pullback toward the recently broken support zone may develop in the coming sessions.
After the bullish correction is completed, we expect price to face rejection from the resistance zone, where sellers may once again take control of the market and drive Bitcoin lower toward the marked downside targets.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on Bitcoin ?
Bitcoin continues to trade within a well-defined descending channel. After reaching the major resistance zone around 82,000 and the upper boundary of the channel, price faced strong selling pressure and was rejected from that area.
Over the past few days, Bitcoin has experienced a notable decline, breaking below the key support zone around 65,000, which has further reinforced the bearish market structure.
Price has now reached a support area that could provide short-term buying interest and temporarily prevent further downside. As a result, a bullish correction and a potential pullback toward the recently broken support zone may develop in the coming sessions.
After the bullish correction is completed, we expect price to face rejection from the resistance zone, where sellers may once again take control of the market and drive Bitcoin lower toward the marked downside targets.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
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t.me/+1gFAIO4CJJw3NTU0
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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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。