Bitcoin Technical Analysis : Bullish Continuation Ahead? 🚀
#BTC #Tecnicalanalaysis #BullishBitcoin
Current Trend :
Price : $101,653 USDT (as per chart).
Trend : Bullish breakout forming with an upward trajectory.
Key Fibonacci Levels :
1.618 Fib : $106,912 USDT
1.809 Fib : $109,002 USDT
2.0 Fib : $111,088 USDT
Resistance Levels :
Immediate Resistance : $106,476 USDT
Major Resistance Zone : $109,000 - $111,000 USDT
Support Levels :
Key Support : $95,181 USDT (0.618 Fib Level)
Demon Zone : Strong demand area near $90,000 USDT
Analysis :
The price has broken a downward trend with strong bullish momentum. A continuation towards $106K is probable if resistance levels are breached. The Demon Zone and Gap area below offer strong support in case of a pullback.
Pro-Tip :
Consider profit booking near $106K-$111K.
Maintain a stop-loss near $95K to manage risk.
Conclusion :
Bitcoin remains bullish, targeting the $106K-$111K range. Staying above $95K keeps the uptrend intact. 📈
