BTC ANALYSIS

BTC/USD Technical Outlook

Bitcoin (BTC) is approaching a significant resistance zone near $100,000, with bearish signals indicating a potential retracement.

Key Observations:

1. Resistance Zone: BTC faces strong resistance around the $100,000 level, making it a critical area for potential reversals.


2. Short-Term Bearish Bias: Price action shows signs of consolidation below the resistance zone, suggesting a potential move downward.


3. Target Levels:

Take Profit 1: $96,000

Take Profit 2: $94,000




Support Zone:

The broader support zone lies near $92,000, where buyers may step in to defend.

Note: This analysis is based on technical indicators and historical price patterns. Markets are subject to volatility, and this is not financial advice. Always practice proper risk management when trading.