BTC /USD ( Bitcoin /USD) has been in a daily uptrend, making a series of higher-highs and higher-lows in price.
A potential breakout play is forming, and the price could rise to $10,000 and $10,500 and $11,000 psychological levels (large volume is needed).
Beware of the fakeout pullback down to support first at $9500 to $9000 psychological levels.
Support levels: $9500, $9000, $8500.
Resistance levels: $10000, $10500, $11000.
A potential breakout play is forming, and the price could rise to $10,000 and $10,500 and $11,000 psychological levels (large volume is needed).
Beware of the fakeout pullback down to support first at $9500 to $9000 psychological levels.
Support levels: $9500, $9000, $8500.
Resistance levels: $10000, $10500, $11000.
Note
BTC: Higher-Low/Support Levels currently being tested.Trade closed: stop reached
Resistances holding for BTC.Short-term downtrend in progress.
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
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.