BTCUSD
A local minimum was formed at 97,600 USD.
A buying reaction is observed in this zone.
Current State
The recent forecasts remain valid.
The BTC has not closed below the 95,000–96,500 USD level, maintaining the potential for a bullish outlook.
If buyers manage to push the price back above 102,500 USD, attempts to break the 107,000 USD resistance zone are likely to follow.
A successful breakout above 107,000 USD will significantly increase the probability of a bullish trend continuation.
Invalidation Level
The previous closing below 96,500 USD remains the invalidation level for the bullish scenario.
Disclaimer
This analysis does not constitute investment or trading advice.
All decisions should be made freely and at your own risk.
It is highly recommended to assess your personal financial situation and consult with a professional advisor if necessary.
A buying reaction is observed in this zone.
Current State
The recent forecasts remain valid.
The BTC has not closed below the 95,000–96,500 USD level, maintaining the potential for a bullish outlook.
If buyers manage to push the price back above 102,500 USD, attempts to break the 107,000 USD resistance zone are likely to follow.
A successful breakout above 107,000 USD will significantly increase the probability of a bullish trend continuation.
Invalidation Level
The previous closing below 96,500 USD remains the invalidation level for the bullish scenario.
Disclaimer
This analysis does not constitute investment or trading advice.
All decisions should be made freely and at your own risk.
It is highly recommended to assess your personal financial situation and consult with a professional advisor if necessary.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.