BTC is currently approaching the 87,500 resistance area.
As long as price fails to break and sustain above 87,500, a retracement toward the 72,000–69,000 zone remains a scenario to watch.
That zone could potentially provide a fresh buying opportunity, but confirmation would be required before considering any entry.
Key levels:
87,500 → key resistance / invalidation level
72,000–69,000 → potential retracement & accumulation zone
Above 87,500 → this study becomes invalid
This is a conditional market structure study, not a guaranteed price target.
#BTC #Bitcoin #TechnicalAnalysis
As long as price fails to break and sustain above 87,500, a retracement toward the 72,000–69,000 zone remains a scenario to watch.
That zone could potentially provide a fresh buying opportunity, but confirmation would be required before considering any entry.
Key levels:
87,500 → key resistance / invalidation level
72,000–69,000 → potential retracement & accumulation zone
Above 87,500 → this study becomes invalid
This is a conditional market structure study, not a guaranteed price target.
#BTC #Bitcoin #TechnicalAnalysis
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.