BTC/USDT Chart Analysis
The price has broken above a key resistance area (~$104,000–$105,000) and is now retesting it as support.
The 50-day (red) and 200-day (green) moving averages slope upward, indicating bullish momentum.
Price activity consolidates just above the key resistance-to-support area, indicating accumulation ahead of a potential breakout.
If the price sustains above $104,000, we could see continuation towards $120,000–$125,000.
A break below $104,000 could see the price retest lower support areas near $100,000 or even $97,000–$98,000.
Conclusion:
Bullish bias above $104,000.
If support fails, a bearish move is possible, but momentum is in the bulls’ favor right now.
Stay tuned for updates and key levels to watch!
Thanks for your support!
DYOR. NFA
The price has broken above a key resistance area (~$104,000–$105,000) and is now retesting it as support.
The 50-day (red) and 200-day (green) moving averages slope upward, indicating bullish momentum.
Price activity consolidates just above the key resistance-to-support area, indicating accumulation ahead of a potential breakout.
If the price sustains above $104,000, we could see continuation towards $120,000–$125,000.
A break below $104,000 could see the price retest lower support areas near $100,000 or even $97,000–$98,000.
Conclusion:
Bullish bias above $104,000.
If support fails, a bearish move is possible, but momentum is in the bulls’ favor right now.
Stay tuned for updates and key levels to watch!
Thanks for your support!
DYOR. NFA
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.