Bitcoin (BTC/USD) 3H Analysis: Key Support & Potential 12% Upsid

Support and Entry Zone (Purple Area at ~$80,253.41)

A significant support zone is marked in purple, indicating a potential area for entry.

This is an area where buying interest is expected.

Stop Loss (~$77,784.92)

A stop loss level is defined below the support zone, which is a risk management strategy.

Target Price (~$90,275.48)

The chart suggests a bullish move if the price bounces from the support.

The expected price increase is around 12.25% from the entry level.

Exponential Moving Averages (EMA)

30 EMA (Red Line, $85,290.12): Short-term trend indicator.

200 EMA (Blue Line, $86,061.21): Long-term trend indicator.

The price is currently below both EMAs, suggesting a bearish trend in the short term.

Market Outlook

The price has recently rejected resistance (purple zone above).

If it holds support at ~$80,253.41, a reversal to the upside is expected.

If the support breaks, further downside could follow.