๐ BTC/USDT (1H): Consolidation after high volatility โ Breakout or rejection at resistance levels?
The BTC/USDT pair is trading at $76,872.91, showing a slight correction of -0.64% over the last 24 hours. The chart reflects an important transition: after periods of high volatility with extended wicks (highs near $79,890 and a liquidity sweep down to $76,046), the price has entered a range-compression phase.
Key Levels to Monitor
Resistances: $77,120 (MA25), $77,500 โ $77,520 (MA99 and 24h highs), and $79,890.
Supports: $76,797 (MA7), $76,500 (24h low), and $76,046 (the wickโs prior low).
Do you think Bitcoin has enough strength to break above the MA25 and target $77,500 in the coming hours, or will we see a new test toward the $76,000 lows?
๐ Iโm reading your thoughts in the comments with your projections and entry zones!
#bitcoin
#BTC #BinanceSquare #crytoanalysis
The BTC/USDT pair is trading at $76,872.91, showing a slight correction of -0.64% over the last 24 hours. The chart reflects an important transition: after periods of high volatility with extended wicks (highs near $79,890 and a liquidity sweep down to $76,046), the price has entered a range-compression phase.
Key Levels to Monitor
Resistances: $77,120 (MA25), $77,500 โ $77,520 (MA99 and 24h highs), and $79,890.
Supports: $76,797 (MA7), $76,500 (24h low), and $76,046 (the wickโs prior low).
Do you think Bitcoin has enough strength to break above the MA25 and target $77,500 in the coming hours, or will we see a new test toward the $76,000 lows?
๐ Iโm reading your thoughts in the comments with your projections and entry zones!
#bitcoin
#BTC #BinanceSquare #crytoanalysis