Critical Support Zone:
Bitcoin has rebounded sharply from the $80,000-$78,000 support level, which previously served as the breakout zone in late October 2024. This strong reaction suggests significant buying interest and potentially a higher low within the broader uptrend.
Healthy Market Correction:
After reaching an all-time high of $108,000, Bitcoin experienced a typical bull market retracement of about 30%. The strong bullish engulfing candle at support signals a possible shift back to the upside.
Key Levels to Watch:
Support: Holding above $80,000-$78,000 is crucial for maintaining the bullish outlook.
Immediate Resistance: $88,000-$90,000 range.
Upside Target: If bullish momentum continues, Bitcoin could push toward $100,000 in the next phase of its uptrend.
With momentum potentially shifting, Bitcoin is at a decisive point—will it reclaim new highs? Stay tuned! 🚀📈
#Bitcoin #BTC #Crypto #MarketAnalysis #Trading #Bullish #Support #Resistance
Bitcoin has rebounded sharply from the $80,000-$78,000 support level, which previously served as the breakout zone in late October 2024. This strong reaction suggests significant buying interest and potentially a higher low within the broader uptrend.
Healthy Market Correction:
After reaching an all-time high of $108,000, Bitcoin experienced a typical bull market retracement of about 30%. The strong bullish engulfing candle at support signals a possible shift back to the upside.
Key Levels to Watch:
Support: Holding above $80,000-$78,000 is crucial for maintaining the bullish outlook.
Immediate Resistance: $88,000-$90,000 range.
Upside Target: If bullish momentum continues, Bitcoin could push toward $100,000 in the next phase of its uptrend.
With momentum potentially shifting, Bitcoin is at a decisive point—will it reclaim new highs? Stay tuned! 🚀📈
#Bitcoin #BTC #Crypto #MarketAnalysis #Trading #Bullish #Support #Resistance
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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.