šØ BTC MARKET UPDATE | BULLISH REVERSAL OR ANOTHER REJECTION?
Bitcoin is showing signs of a bullish recovery after bouncing from the major support zone around $79,850ā$80,000.
Currently trading near $80,700, BTC is approaching a critical descending trendline resistance.
š Key Technical Levels:
š¢ Resistance Zones:
- $81,000 ā $81,200
- $81,465
- $81,800
- $82,150
š“ Support Zones:
- $80,450
- $79,850 ā $80,000
- $78,850
š Bullish Scenario:
A confirmed breakout above $81,200 could open the door toward $81,465 and $81,800.
š Bearish Scenario:
If BTC faces rejection from the descending trendline, another retest of $80,000 support is possible.
šÆ My Strategy:
I'm watching for a confirmed breakout and retest before considering a Long position. No unnecessary FOMO ā patience is key!
What do you think? Will BTC break the descending trendline or face another rejection?
Share your analysis below! š
#BTC #Bitcoin $BTC
Bitcoin is showing signs of a bullish recovery after bouncing from the major support zone around $79,850ā$80,000.
Currently trading near $80,700, BTC is approaching a critical descending trendline resistance.
š Key Technical Levels:
š¢ Resistance Zones:
- $81,000 ā $81,200
- $81,465
- $81,800
- $82,150
š“ Support Zones:
- $80,450
- $79,850 ā $80,000
- $78,850
š Bullish Scenario:
A confirmed breakout above $81,200 could open the door toward $81,465 and $81,800.
š Bearish Scenario:
If BTC faces rejection from the descending trendline, another retest of $80,000 support is possible.
šÆ My Strategy:
I'm watching for a confirmed breakout and retest before considering a Long position. No unnecessary FOMO ā patience is key!
What do you think? Will BTC break the descending trendline or face another rejection?
Share your analysis below! š
#BTC #Bitcoin $BTC
