Bitcoin is approaching a critical confluence zone near $100,000, where two major supports intersect:
– A horizontal support around $100,000 (previous top-turned-support)
– A rising trendline drawn from the 2023 rally, currently aligning near $98,000 – $99,000
This zone is technically significant. A bounce from here could send BTC back toward the $129,000 resistance level
However, a daily candle close below this confluence (especially under $98,000) may trigger a deeper correction toward $90,000 or even $81,000
Watch price action closely—this region is not just support; it's a trend-defining battleground
– A horizontal support around $100,000 (previous top-turned-support)
– A rising trendline drawn from the 2023 rally, currently aligning near $98,000 – $99,000
This zone is technically significant. A bounce from here could send BTC back toward the $129,000 resistance level
However, a daily candle close below this confluence (especially under $98,000) may trigger a deeper correction toward $90,000 or even $81,000
Watch price action closely—this region is not just support; it's a trend-defining battleground
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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.
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.