This Bitcoin (BTC/USD) price analysis chart on a daily timeframe (1D) from Coinbase suggests a technical outlook for future price movements.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
Key Elements:
1. Current Price: Bitcoin is trading at $83,004.63, showing a -1.20% decline.
2. Support Zone: A trendline support is identified below the current price, indicating a potential bounce if BTC holds this level.
3. Resistance Levels: Two major resistance zones are marked, with the highest one near $109,711.07.
4. Projected Price Movement: The chart suggests a potential drop towards support, followed by a bullish reversal leading to a breakout towards the resistance area.
5. Target Price: If BTC breaks the resistance, it may aim for the $109,711.07 target.
Conclusion:
The analysis indicates a possible correction before a rally. If BTC respects the trendline support, it could see a bullish surge toward new highs. Traders might watch for confirmation signals before entering positions.
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🔥 What You’ll Get:
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🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.