📉 Bitcoin Analysis | Key Support Retest in Progress
As shown in the chart, BTC has dropped precisely to the main support zone previously highlighted in our earlier analyses. So far, we haven’t seen a strong bullish reaction, which increases the likelihood of a retest of the major green support area.
🔻 If price breaks below the $104,120 level, the next key support to watch lies between $103,570 – $103,300.
🔼 However, if BTC starts to bounce from this zone, the key resistance levels and upside targets will be:
$104,740
$105,900
$106,800
and potentially $107,900
📌 All these zones have acted as key turning points in the past, so mark them on your chart and trade accordingly.
👉 Follow for more sharp entries, accurate technical zones, and daily trading insights!
As shown in the chart, BTC has dropped precisely to the main support zone previously highlighted in our earlier analyses. So far, we haven’t seen a strong bullish reaction, which increases the likelihood of a retest of the major green support area.
🔻 If price breaks below the $104,120 level, the next key support to watch lies between $103,570 – $103,300.
🔼 However, if BTC starts to bounce from this zone, the key resistance levels and upside targets will be:
$104,740
$105,900
$106,800
and potentially $107,900
📌 All these zones have acted as key turning points in the past, so mark them on your chart and trade accordingly.
👉 Follow for more sharp entries, accurate technical zones, and daily trading insights!
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.
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.