Bitcoin (BTC) is currently trading at $79,857.99, showing a 3.87% increase. The market is experiencing a bull run, with a strong push at $79,695 and a peak at $81,243. Momentum is bullish, with massive volume trading at $5.58 billion.
Key Levels to Watch
- *Support*: $76,000 - a potential re-entry zone if the price pulls back
- *Resistance*: $81,200 - a breakout above this level could ignite the next wave
- *Pivot*: $78,000 - a crucial level to watch for potential price movement
Trading Strategy
- *Entry Point*: $77,000 - $79,500 (consider ladder entries or a breakout above $81,200)
- *Targets*:
- T1: $82,800
- T2: $85,000
- T3: $88,000
- *Stop Loss*: $74,500 (below recent swing low and key demand)
Market Analysis
The current market trend indicates a strong bullish momentum, with a potential breakout above $81,200. Monitor the price action and adjust your strategy accordingly. Keep in mind that trading cryptocurrencies involves significant risks, and it's essential to do your own research and consider your risk tolerance before making any investment decisions.$BTC