October 14, 2023

This week BTC faced strong selling from 28k region which led to a decline towards 26500 region. Now BTC formed a new support around 26500-26600 from there it will try to move upward. After multiple attempts from sellers BTC made a double bottom at 26525 respectively from there BTC successfully bounced to 27100 earlier today.

Current Resistance lies at 27000-27100 if Bulls overcome this level then again upward trend starts which might lead to 29500.

Support Areas

1. 26700 Local Support

2. 26500 First Level Support

3. 26200 Critical Support

4. 25700 Major Support

5. 25300 Major Support

6. 24800 Demand Zone

Resistance Area

1. 27000 Local Resistance

2. 27400 Main Resistance

3. 27900 Main Resistance

4. 28600 Critical Resistance

5. 29300 Seller Zone

Please do your own research first before opening any position..

If you like my analysis please follow and press like button..