TradingView shows a Bitcoin (BTC/USD) chart on a daily time frame. Here is a brief analysis based on the capture: Pattern observed: The chart seems to highlight an ascending channel or an ascending triangle, which is usually a bullish pattern. This suggests that Bitcoin could be consolidating before a potential breakout. Key levels: Support: There is a support zone around $90,000-$95,000, where the price has bounced several times. Resistance: The resistance is near $100,000, an important psychological level that the market may be testing soon. Trend line: The price is respecting an ascending trend line, which reinforces the bullish narrative. Indicators: No specific technical indicators are visible in the capture, but the pattern suggests that bullish momentum could continue if the price breaks the resistance. If there is a pullback, the support at the lower trend line (~$90,000) will be critical. Context for May 2025: Given that the chart shows an upward movement, this aligns with the optimistic predictions for May mentioned earlier, with Bitcoin potentially reaching or exceeding $100,000. However, a breakout or a pullback will depend on factors such as volume, macroeconomic news, or regulatory events. Recommendation: Watch the volume in the next price move. An increase in volume during an attempt to break $100,000 would confirm a bullish breakout. On the other hand, a rejection at that resistance with low volume could indicate a correction towards support. Stay alert for news about institutional adoption or regulatory changes, as they could influence the movement. If you want a deeper analysis (for example, with indicators like RSI, MACD, or Fibonacci levels), please provide it or ask me to develop it.
https://www.tradingview.com/x/okonQu55