🚨 Bitcoin closes October above a key support level! 👀
I’ll start with an analysis of the monthly Bitcoin chart.
☝️ Please note the area I’ve marked:
$76,500
This level previously acted as “resistance”; after breaking above it, Bitcoin continued its recovery.
❗️ More importantly, the October candle closed above this area once again!
This is a positive signal for the monthly price structure. The former resistance level is now acting as “support,” and as long as the price stays above it, a continued recovery remains possible.
It’s now important to see the price move back above the $79,000–$80,000 level, which would provide further confirmation of buyers’ strength.
🔥 According to the Liquidation Map, there is $10.23 billion in potential short liquidations concentrated around the $85,000 level!
💡 We’d love to hear your thoughts: do you think we’ll see a test of $85,000 soon? Share your predictions in the comments 👇
$BTC
#Bitcoin #BTC #BinanceSquare #CryptoAnalysis #Bullish #Bitcoin #كريبتو
I’ll start with an analysis of the monthly Bitcoin chart.
☝️ Please note the area I’ve marked:
$76,500
This level previously acted as “resistance”; after breaking above it, Bitcoin continued its recovery.
❗️ More importantly, the October candle closed above this area once again!
This is a positive signal for the monthly price structure. The former resistance level is now acting as “support,” and as long as the price stays above it, a continued recovery remains possible.
It’s now important to see the price move back above the $79,000–$80,000 level, which would provide further confirmation of buyers’ strength.
🔥 According to the Liquidation Map, there is $10.23 billion in potential short liquidations concentrated around the $85,000 level!
💡 We’d love to hear your thoughts: do you think we’ll see a test of $85,000 soon? Share your predictions in the comments 👇
$BTC
#Bitcoin #BTC #BinanceSquare #CryptoAnalysis #Bullish #Bitcoin #كريبتو
