BounceBit: Technical Analysis in 12-Hour Timeframe

26 ago

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

BB has broken above the resistance trendline and is currently retesting it. The 21 EMA and a horizontal ray serve as primary support for BB. A rebound from this primary support will likely be bullish and could potentially rally toward its all-time high range.

If BB breaks down below the primary support, the lower support at $0.2393 (the all-time low) will likely hold the price.

Key Levels:

- Primary Support/Accumulation: $0.3134-$0.3265.
- Lower Support: $0.2393.
- Primary Target: $0.505-$0.55.
- Higher Target: $0.8789.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE