BIT COIN - Support & Resistance
BIT COIN - Support & Resistance
Key Levels
Support Level: $91,500
This level has proven to be a strong cushion in recent sessions, indicating buyer interest. If Bitcoin tests this area again, we could see a rebound as long positions are reinitiated. A sustained break below $91,500 might trigger further downside, so watching volume and price action near this support will be crucial.
Resistance Level: $106,500
On the upside, $106,500 represents a significant hurdle where selling pressure has historically increased. A break above this resistance could signal a bullish momentum shift, inviting additional buyers and possibly setting the stage for further rallies. However, failure to clear this level might result in a consolidation phase or a pullback.
Key Levels
Support Level: $91,500
This level has proven to be a strong cushion in recent sessions, indicating buyer interest. If Bitcoin tests this area again, we could see a rebound as long positions are reinitiated. A sustained break below $91,500 might trigger further downside, so watching volume and price action near this support will be crucial.
Resistance Level: $106,500
On the upside, $106,500 represents a significant hurdle where selling pressure has historically increased. A break above this resistance could signal a bullish momentum shift, inviting additional buyers and possibly setting the stage for further rallies. However, failure to clear this level might result in a consolidation phase or a pullback.
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.