๐ #Bitcoin Update Sep-06 ๐
Guys, $BTC is currently consolidating around the $79,500โ$80,000 area after the recent strong move up. Price is building a tight range, so the next breakout or rejection could decide the short-term direction.
Bullish scenario:
If buyers step in and BTC breaks/holds above $80,200โ$80,450, we could see a move toward $81,300 and potentially $82,000.
Bearish scenario:
If BTC gets rejected from the $80,200โ$80,450 resistance zone and loses the current consolidation support, a pullback toward $78,700 is possible, with $77,100 as the next major downside area.
For now, Iโm watching the $80.2Kโ$80.45K decision zone closely. A clean breakout or rejection will give a much clearer setup.
Guys, $BTC is currently consolidating around the $79,500โ$80,000 area after the recent strong move up. Price is building a tight range, so the next breakout or rejection could decide the short-term direction.
Bullish scenario:
If buyers step in and BTC breaks/holds above $80,200โ$80,450, we could see a move toward $81,300 and potentially $82,000.
Bearish scenario:
If BTC gets rejected from the $80,200โ$80,450 resistance zone and loses the current consolidation support, a pullback toward $78,700 is possible, with $77,100 as the next major downside area.
For now, Iโm watching the $80.2Kโ$80.45K decision zone closely. A clean breakout or rejection will give a much clearer setup.
