TECHNICAL ANALYSIS OF $BTC : Where is Bitcoin headed this week? ⚠️
Bitcoin ( $BTC ) is in a slight pullback after failing to break through resistance at $85,000 USD with strength. On the daily chart, these are the key support levels to watch:
📌 Retracement levels:
🟢 Immediate Support: $82,500 USD
🟡 Secondary Support: $81,300 USD.
🔴 Last Line of Defense: Range between $76,000 and $79,000 USD.
⚠️ Watch the Macroeconomy: This week is packed with news that will bring high volatility, both positive and negative—so it will be necessary to stay on top of what happens.
📉 What if everything goes wrong?
If there is news that affects the stock market and cryptocurrencies, we must know that the BTC support located at ($76K - $79K) is the most critical. If it breaks, we could see a deeper drop that could change the market structure.
BUT WHAT DO YOU THINK?
Do you think $BTC will bounce at $82.5K or will we see a major decline before seeking new highs? 👇
follow me for more analysis in the future📊📊
#Bitcoin #BTC #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
⚠️ Purely educational content. It does not constitute financial advice. Do your own research (DYOR) and manage your risk.
Bitcoin ( $BTC ) is in a slight pullback after failing to break through resistance at $85,000 USD with strength. On the daily chart, these are the key support levels to watch:
📌 Retracement levels:
🟢 Immediate Support: $82,500 USD
🟡 Secondary Support: $81,300 USD.
🔴 Last Line of Defense: Range between $76,000 and $79,000 USD.
⚠️ Watch the Macroeconomy: This week is packed with news that will bring high volatility, both positive and negative—so it will be necessary to stay on top of what happens.
📉 What if everything goes wrong?
If there is news that affects the stock market and cryptocurrencies, we must know that the BTC support located at ($76K - $79K) is the most critical. If it breaks, we could see a deeper drop that could change the market structure.
BUT WHAT DO YOU THINK?
Do you think $BTC will bounce at $82.5K or will we see a major decline before seeking new highs? 👇
follow me for more analysis in the future📊📊
#Bitcoin #BTC #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
⚠️ Purely educational content. It does not constitute financial advice. Do your own research (DYOR) and manage your risk.
