$BTC Bitcoin's current price is $84,882.35, with a 0.38% increase. Let's dive into the bullish zone analysis:
Key Levels to Watch
- *Support Levels*:
- $81,500-$82,000: A potential rebound zone, with bullish momentum expected if Bitcoin holds above this range.
- $85,801: A crucial level to maintain for bullish momentum.
- *Resistance Levels*:
- $87,500-$90,000: Potential resistance zone, with a breakout above this range indicating further upside.
- $92,267: A level that, when broken, could lead to a rally toward $106,137.
- $106,000: A significant target for Bitcoin's price movement.
Technical Indicators and Analysis
- *Bullish Momentum*: Bitcoin's price action and indicators are aligning to support gains, with a clear upside momentum.
- *Breakout Confirmation*: A breakout above key resistance levels could lead to a significant rally.
- *Order Flow Setup*: Fresh buying pressure and a clean Order Flow setup suggest a potential move toward $118,000.
Trading Strategies
- *Long Positions*: Consider entries upon a confirmed breakout above $94,800, targeting $96,000 and $97,400.
- *Short Positions*: Look for rejection near $94,800 or a breakdown below $93,200, targeting $92,000 and $91,000 ¹ ² ³.
