Technical Market Outlook: The BTC /USD pair has broken above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing high was made at the level of $11,400, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite the overbought market conditions. The next target is seen at the level of $11800 and $12,200. The nearest technical support is located at the level of $10,000, $9,200 and $8,800.
Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9200$ and 8800$ where we can see new bull Run start.
🛑SUPPORT/RESISTANCE
✅S1= 9200$
✅S2=8500$
✴️R1=10900$
✴️R2=11800$
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Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9200$ and 8800$ where we can see new bull Run start.
🛑SUPPORT/RESISTANCE
✅S1= 9200$
✅S2=8500$
✴️R1=10900$
✴️R2=11800$
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
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