BlockchainBaller
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Bullish
Good morning, Binance Fam❗ Hope you're all doing great! 💞 $BTC is leading the entire market❗In my last analysis, I highlighted Bitcoin’s potential move, and as expected, it has now dropped from $93,000 to $87,000. While $BTC still holds the potential to skyrocket to $100K, $150K, or even $200K, it might first experience a major correction, possibly dipping toward $40K or $50K before reclaiming its bullish momentum. $BTC /USDT Analysis: Recovery in Progress or Another Rejection?
#Bitcoin is trading at $87,108, up 4.41%, showing a recovery after hitting a low of $81,500. The price recently touched a high of $88,967, but faces resistance around this level.
Key Levels to Watch
Resistance: $88,500 – A breakout could push BTC toward $90,000 and $92,000
Support: $86,000 – If BTC fails to hold, expect a dip toward $84,500 and $83,000
Market Insights
Momentum: Positive with increasing buy pressure
Order Book Sentiment: 89% buying interest, indicating strong accumulation
Potential Breakout: If BTC maintains above $86,500, the uptrend could continue
Trade Setup
Long Entry: Above $88,500, targeting $90,000 and $92,000
Short Entry: Below $86,000, aiming for $84,500 and $83,000
Stop-Loss: $85,500 to manage risk
Bitcoin is attempting to reclaim higher levels, but needs to sustain momentum. A break above resistance could signal further upside, while failure may lead to another pullback.
#BTC
#Bitcoin is trading at $87,108, up 4.41%, showing a recovery after hitting a low of $81,500. The price recently touched a high of $88,967, but faces resistance around this level.
Key Levels to Watch
Resistance: $88,500 – A breakout could push BTC toward $90,000 and $92,000
Support: $86,000 – If BTC fails to hold, expect a dip toward $84,500 and $83,000
Market Insights
Momentum: Positive with increasing buy pressure
Order Book Sentiment: 89% buying interest, indicating strong accumulation
Potential Breakout: If BTC maintains above $86,500, the uptrend could continue
Trade Setup
Long Entry: Above $88,500, targeting $90,000 and $92,000
Short Entry: Below $86,000, aiming for $84,500 and $83,000
Stop-Loss: $85,500 to manage risk
Bitcoin is attempting to reclaim higher levels, but needs to sustain momentum. A break above resistance could signal further upside, while failure may lead to another pullback.
#BTC
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