Bitcoin Price: Key Support and Resistance Levels to Watch
Bitcoin has recently completed a break of structure within its internal framework, positioning its current price range between $85,000 and $93,300. Following this significant surge, a retracement is anticipated, with the closest retracement zone identified between $90,500 and $88,900, which aligns with Bitcoin’s equilibrium level.
🔑 Key Observations:
1️⃣ Above $88,900: As long as the price stays above this level, Bitcoin is expected to maintain its upward momentum. ⭐️⚡️
2️⃣ Below $88,900: A break below this threshold could trigger a move toward the nearest support zone at $86,000, marked in blue on the chart.
The bullish scenario for potential higher prices is illustrated in white on the chart, while the corrective scenario, indicating a possible downward movement, is shown in yellow.
Stay alert to these key levels and trends to optimize your trading strategy.
Follow for regular updates! ✅
🔑 Key Observations:
1️⃣ Above $88,900: As long as the price stays above this level, Bitcoin is expected to maintain its upward momentum. ⭐️⚡️
2️⃣ Below $88,900: A break below this threshold could trigger a move toward the nearest support zone at $86,000, marked in blue on the chart.
The bullish scenario for potential higher prices is illustrated in white on the chart, while the corrective scenario, indicating a possible downward movement, is shown in yellow.
Stay alert to these key levels and trends to optimize your trading strategy.
Follow for regular updates! ✅
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