BTCUSD
The BTC/USD chart indicates a potential upward movement if the price breaks through the pivot zone around 60000. The next key resistance area to target is 64,905. If Bitcoin successfully surpasses this level, it may aim for higher targets around the second resistance area (70,000).
However, if Bitcoin fails to break above the pivot zone and faces rejection and stabilize under 56888, it might retest the 1st support area near 52,791. A deeper bearish move could push the price toward the 2nd support area around 49,453.
Key Levels:
Pivot Zone: 62,407
Resistance Lines: 62400, 64905, 70000
Support Lines: 56888, 52791, 49453
The price action near the pivot zone will be crucial in determining the next direction.
The BTC/USD chart indicates a potential upward movement if the price breaks through the pivot zone around 60000. The next key resistance area to target is 64,905. If Bitcoin successfully surpasses this level, it may aim for higher targets around the second resistance area (70,000).
However, if Bitcoin fails to break above the pivot zone and faces rejection and stabilize under 56888, it might retest the 1st support area near 52,791. A deeper bearish move could push the price toward the 2nd support area around 49,453.
Key Levels:
Pivot Zone: 62,407
Resistance Lines: 62400, 64905, 70000
Support Lines: 56888, 52791, 49453
The price action near the pivot zone will be crucial in determining the next direction.
Trade closed: target reached
BITCOIN Update
the price reached our target of about 7600$ and still running to get the next bullish target of 68200 and 70000, there is a possibility for a retest till 64900
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.