BTC/USDT Chart Analysis
The price has broken above a key resistance area (~$104,000–$105,000) and is now retesting it as support.
The 50-day (red) and 200-day (green) moving averages slope upward, indicating bullish momentum.
Price activity consolidates just above the key resistance-to-support area, indicating accumulation ahead of a potential breakout.
If the price sustains above $104,000, we could see continuation towards $120,000–$125,000.
A break below $104,000 could see the price retest lower support areas near $100,000 or even $97,000–$98,000.
Conclusion:
Bullish bias above $104,000.
If support fails, a bearish move is possible, but momentum is in the bulls’ favor right now.
Stay tuned for updates and key levels to watch!
Thanks for your support!
DYOR. NFA
The price has broken above a key resistance area (~$104,000–$105,000) and is now retesting it as support.
The 50-day (red) and 200-day (green) moving averages slope upward, indicating bullish momentum.
Price activity consolidates just above the key resistance-to-support area, indicating accumulation ahead of a potential breakout.
If the price sustains above $104,000, we could see continuation towards $120,000–$125,000.
A break below $104,000 could see the price retest lower support areas near $100,000 or even $97,000–$98,000.
Conclusion:
Bullish bias above $104,000.
If support fails, a bearish move is possible, but momentum is in the bulls’ favor right now.
Stay tuned for updates and key levels to watch!
Thanks for your support!
DYOR. NFA
Pubblicazioni correlate
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.
Pubblicazioni correlate
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.