Bitcoin (BTC/USDT) analysis
The price is witnessing a strong upward move with significant buying momentum that pushed it toward the 81,054.01 level, up by +4.13%, after rebounding directly from the 24-hour low at 77,660.00. The current price movement is approaching key resistance levels extending between the day’s high of 81,741.00 and the previous peak at 82,300.00, which suggests the positive movement is likely to continue to test this resistance.
Trade type: Buy (Buy / Long)
Suggested entry zone: 80,800 - 81,100
First target: 81,740 (retest of the 24-hour high)
Second target: 82,300 (test of the main peak)
Stop Loss: 79,800 (break of the nearby fixed support level below the last green candle)
The price is witnessing a strong upward move with significant buying momentum that pushed it toward the 81,054.01 level, up by +4.13%, after rebounding directly from the 24-hour low at 77,660.00. The current price movement is approaching key resistance levels extending between the day’s high of 81,741.00 and the previous peak at 82,300.00, which suggests the positive movement is likely to continue to test this resistance.
Trade type: Buy (Buy / Long)
Suggested entry zone: 80,800 - 81,100
First target: 81,740 (retest of the 24-hour high)
Second target: 82,300 (test of the main peak)
Stop Loss: 79,800 (break of the nearby fixed support level below the last green candle)
