Bitcoin is currently at the level of 79,000$ on the daily timeframe and has reached a key zone that acts as support. From here, a speculative rebound is possible with a subsequent retest of resistance in the range of $85,000.
If the rise continues, the next important target is $89,773. This is a key level: if Bitcoin cannot break through it and close a daily candle above $89,773, the downward trend on the daily timeframe will continue with a target of $71,000.
The first sign of a positive scenario is a daily close above $89,773, after which the market can be reassessed and new targets defined.
****And still, it is important to understand that this information is not financial advice. It should not be used to open futures positions or shorts. Everyone should analyze the market independently and consider the risks.
If the rise continues, the next important target is $89,773. This is a key level: if Bitcoin cannot break through it and close a daily candle above $89,773, the downward trend on the daily timeframe will continue with a target of $71,000.
The first sign of a positive scenario is a daily close above $89,773, after which the market can be reassessed and new targets defined.
****And still, it is important to understand that this information is not financial advice. It should not be used to open futures positions or shorts. Everyone should analyze the market independently and consider the risks.