BTC is trading within a well-defined ascending channel, with the price currently at $97,400, after breakout and retest of weekly high resistance around $95,800. The channel’s upper boundary projects a potential target of $104,000 if BTC continues to move upward over the week!
Key resistance levels to watch are $98,000 and $100,000, while support lies at $96,200 and the channel’s lower boundary at $95,000.
A breakout above $100,000 could ignite a rally toward $104,000, but if BTC fails to hold support at $96,000, we might see a dip back to $94,400-93,000.
Key Levels to Watch:
Will BTC soar to new heights, or are we in for a pullback? Let’s hear your thoughts below!
Key resistance levels to watch are $98,000 and $100,000, while support lies at $96,200 and the channel’s lower boundary at $95,000.
A breakout above $100,000 could ignite a rally toward $104,000, but if BTC fails to hold support at $96,000, we might see a dip back to $94,400-93,000.
Key Levels to Watch:
Resistance: $100,000, $98,000
Support: $96,000, $94,000
Breakout Target: $104,000+
Breakdown Risk: $93,000
Will BTC soar to new heights, or are we in for a pullback? Let’s hear your thoughts below!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.