"Bitcoin Approaching Key Resistance – Breakout or Rejection
This BTC/USD chart shows a descending wedge pattern with a key resistance zone around 99,000. The price is currently approaching the upper trendline of the wedge, with a breakout potential if bullish momentum sustains. Multiple change-of-character (ChOCH) points indicate shifts in structure, with a bullish bias forming.
Key levels to watch:
- Resistance at 99,000 (breakout confirmation needed)
- Support around 97,270 and 95,873
- Potential breakout target above 100,000 if price clears resistance
A breakout above 99,000 with strong volume could signal further upside, while rejection at this level might lead to a retest of lower support zones.
Key levels to watch:
- Resistance at 99,000 (breakout confirmation needed)
- Support around 97,270 and 95,873
- Potential breakout target above 100,000 if price clears resistance
A breakout above 99,000 with strong volume could signal further upside, while rejection at this level might lead to a retest of lower support zones.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.