BTCUSDT is currently showing signs of a bearish trend, aligning with our previous analysis. The price faced strong resistance near the 120,000 level, from where we expect a move toward the downside.
Technical Insight:
After the recent strong bullish momentum, Bitcoin may enter a corrective phase. This local correction could attract fresh interest from buyers at lower levels. Watch closely for any bounce or consolidation near the 110K 115K zone, which could act as a decision point for the next major move.
Note: A sustained break below 114K could accelerate the downside pressure towards 110K. Conversely, any recovery above 120K would invalidate this bearish scenario and suggest continued bullish strength.
You May find more details in the chart.
Ps: Support Growth like and comments for better analysis Thanks for Supporting.
Technical Insight:
After the recent strong bullish momentum, Bitcoin may enter a corrective phase. This local correction could attract fresh interest from buyers at lower levels. Watch closely for any bounce or consolidation near the 110K 115K zone, which could act as a decision point for the next major move.
Note: A sustained break below 114K could accelerate the downside pressure towards 110K. Conversely, any recovery above 120K would invalidate this bearish scenario and suggest continued bullish strength.
You May find more details in the chart.
Ps: Support Growth like and comments for better analysis Thanks for Supporting.
Trade active
BTC Market according to the chart price will test the resistance lets we see price could move to downtrend.
Note
soon we will reached to Target
Join My telegram Channel
t.me/FOREX_GOLD_SIGNALS_11
Free Forex Signals
t.me/Jamessignals11
t.me/FOREX_GOLD_SIGNALS_11
Free Forex Signals
t.me/Jamessignals11
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.
Join My telegram Channel
t.me/FOREX_GOLD_SIGNALS_11
Free Forex Signals
t.me/Jamessignals11
t.me/FOREX_GOLD_SIGNALS_11
Free Forex Signals
t.me/Jamessignals11
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.