Bitcoin is approaching a key inflection zone where the Daily Downtrend Resistance and the Monthly Uptrend Support intersect. This confluence could be setting the stage for a major breakout or breakdown, and the next move could define BTC’s medium-term trend.
🧠 Key Levels to Watch:
Daily Downtrend Resistance (Red) – Price is testing this descending trendline again.
Monthly Uptrend Support (Green) – Strong support held since August 2024.
Fibonacci 0.5 Level (~79.3K) – Acting as mid-zone control point.
Fibonacci 0.618 Golden Zone (~72K) – Strong historical retracement support.
🟦 Bullish Scenario (Blue Arrow):
If BTC breaks above the daily downtrend and holds above the green uptrend line:
Possible target: 110K, aligning with the 1.0 Fibonacci extension.
Would confirm continuation of the larger bullish trend.
🔻 Bearish Scenario (Not drawn but implied):
If BTC breaks down below 79K and the monthly trendline:
Eyes on 72K for a potential bounce at the 0.618 Fib level.
Below that, potential deeper retracement toward the 65K–60K zone.
⏳ Conclusion:
BTC is sitting at a high-confluence zone. This is not the time to chase—wait for confirmation of breakout or breakdown before reacting.
🧠 Key Levels to Watch:
Daily Downtrend Resistance (Red) – Price is testing this descending trendline again.
Monthly Uptrend Support (Green) – Strong support held since August 2024.
Fibonacci 0.5 Level (~79.3K) – Acting as mid-zone control point.
Fibonacci 0.618 Golden Zone (~72K) – Strong historical retracement support.
🟦 Bullish Scenario (Blue Arrow):
If BTC breaks above the daily downtrend and holds above the green uptrend line:
Possible target: 110K, aligning with the 1.0 Fibonacci extension.
Would confirm continuation of the larger bullish trend.
🔻 Bearish Scenario (Not drawn but implied):
If BTC breaks down below 79K and the monthly trendline:
Eyes on 72K for a potential bounce at the 0.618 Fib level.
Below that, potential deeper retracement toward the 65K–60K zone.
⏳ Conclusion:
BTC is sitting at a high-confluence zone. This is not the time to chase—wait for confirmation of breakout or breakdown before reacting.
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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.