๐ BTC/USDT Analysis: Sideways fluctuation and a test of pivot support levels ๐!
โจ๏ธ BTC (Bitcoin) is currently trading at $83,915.06, with a slight change of -0.16%-, following a corrective move after recording a daily high of $85,255.00 and a drop to $83,183.00. Trading liquidity over the past 24 hours reached strong volumes of 16,877.41 BTC, with a total value of $1.42B USDT.
๐ Technically, the price is in an accumulation and sideways phase below the short- and mid-term moving averages. It is trading below MA(7) at $83,963.77, MA(25) at $84,067.75, and MA(99) at $84,824.96. The chart shows a positive rebound above the local low of $83,363.63, giving the price an opportunity to build a support base and regain bullish momentum upon breaking above the moving averages.
๐ Entry and exit zones, and targets:
๐ Entry zones (retest): $83,183.00 - $83,915.06
Current price: $83,915.06
๐ฏ First target (first exit zone): $84,193.39
๐ฏ Second target (second exit zone): $84,824.96
๐ฏ Third target (third exit zone): $85,255.00
๐ฅ Stop-loss level (risk management): close below $83,183.00
๐ To restore the upward path, the price must hold above support $83,363.63 and break the resistance at $84,193.39.
๐ Share your thoughts: Do you expect Bitcoin to break above the $85,000 level today? Donโt forget to support the post with a like and follow to receive all the latest updates!
#BTCโ #Bitcoin #cryptotrading #BTC #BTC่ตฐๅฟๅๆ $BTC
โจ๏ธ BTC (Bitcoin) is currently trading at $83,915.06, with a slight change of -0.16%-, following a corrective move after recording a daily high of $85,255.00 and a drop to $83,183.00. Trading liquidity over the past 24 hours reached strong volumes of 16,877.41 BTC, with a total value of $1.42B USDT.
๐ Technically, the price is in an accumulation and sideways phase below the short- and mid-term moving averages. It is trading below MA(7) at $83,963.77, MA(25) at $84,067.75, and MA(99) at $84,824.96. The chart shows a positive rebound above the local low of $83,363.63, giving the price an opportunity to build a support base and regain bullish momentum upon breaking above the moving averages.
๐ Entry and exit zones, and targets:
๐ Entry zones (retest): $83,183.00 - $83,915.06
Current price: $83,915.06
๐ฏ First target (first exit zone): $84,193.39
๐ฏ Second target (second exit zone): $84,824.96
๐ฏ Third target (third exit zone): $85,255.00
๐ฅ Stop-loss level (risk management): close below $83,183.00
๐ To restore the upward path, the price must hold above support $83,363.63 and break the resistance at $84,193.39.
๐ Share your thoughts: Do you expect Bitcoin to break above the $85,000 level today? Donโt forget to support the post with a like and follow to receive all the latest updates!
#BTCโ #Bitcoin #cryptotrading #BTC #BTC่ตฐๅฟๅๆ $BTC
