BitcoinUpdated Technical analysis chart for BTC/USD on the 1D (Daily) timeframe
Technical analysis chart for BTC/USD on the 1D (Daily) timeframe from BITSTAMP. Here’s what I observe:
• Trend & Channel:
• The price is moving within an ascending channel with clear support and resistance trendlines.
• The lower boundary of the channel is acting as support, while the upper boundary is the resistance zone.
• Key Levels:
• Current Price: 96,954
• Support Zone: Around 96,613
• Resistance Levels:
• First resistance: 101,284
• Major resistance: 106,140
• Upside Target: The price has a potential 9.61% move toward 106,140, marked as a key target.
• Market Outlook:
• If the price holds above 96,613, it may continue toward the 101,284 - 106,140 range.
• A break below 96,613 could signal a further bearish move.
• Trend & Channel:
• The price is moving within an ascending channel with clear support and resistance trendlines.
• The lower boundary of the channel is acting as support, while the upper boundary is the resistance zone.
• Key Levels:
• Current Price: 96,954
• Support Zone: Around 96,613
• Resistance Levels:
• First resistance: 101,284
• Major resistance: 106,140
• Upside Target: The price has a potential 9.61% move toward 106,140, marked as a key target.
• Market Outlook:
• If the price holds above 96,613, it may continue toward the 101,284 - 106,140 range.
• A break below 96,613 could signal a further bearish move.
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Join us for daily updates and grow your trading skills! t.me/+Xt4b3JSQCdA2NWQ0
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.