source avatarNi - lucky

Share

BTC is showing a notably interesting chart pattern. The price is currently around $84,500, having surged from a low near $60K and sequentially breaking above the 81–83K region, previously marked as a R/S support zone. Looking at the chart structure, the most significant area I’m watching is the supply zone above, between $95K–$98K. This was a prior supply zone, so as BTC approaches this level, the story becomes even more compelling. One particularly strong observation on the chart is that the 81–83K region has successfully transitioned from resistance to support. The price broke above it, retraced to retest it, and then continued upward strongly. However, a significant supply zone still lies ahead. Since BTC hasn’t yet reached that level, I believe the move from $84K to $95K–$98K will be far more worth watching. If the price continues rising, the real key will be how it reacts at this supply zone. The chart pattern is straightforward: 60K → accumulation → 81–83K → breakout → 95–98K. How BTC responds when it reaches this supply zone? Let the price speak for itself. At such major levels, I prefer to observe actual price action rather than over-predict. https://t.co/bpVdXwXDcs

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.