Bitcoin ($BTC ) has shown a strong bullish trend in recent days, with a significant price surge. The current price stands at $91,276.13, representing a 4.40% increase in the last 24 hours. This analysis will delve into the chart patterns and identify key support and resistance levels to predict future price movements.

Key Support and Resistance Levels

Immediate Support: $86,859.71

Strong Support: $79,576.23

Immediate Resistance: $93,265.64

Strong Resistance: $94,143.19

Chart Analysis

1. Bullish Momentum: The price action has formed a clear uptrend, breaking above several resistance levels. The green candlesticks indicate buying pressure, further confirming the bullish sentiment.

2. Bollinger Bands: The Bollinger Bands are expanding, suggesting increased price volatility. The price is currently trading above the upper band, indicating a strong bullish trend.

3. Entry Signal: A potential entry signal could be a slight pullback to the immediate support level of $86,859.71. This dip could offer a buying opportunity for traders looking to capitalize on the ongoing bullish momentum.

Trading Strategy

Long Position: Consider entering a long position at the $86,859.71 support level with a stop-loss below the recent low.

Take Profit: Set a take-profit target at the strong resistance level of $94,143.19.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.

Additional Considerations

Market Sentiment: Keep an eye on market news and events that could impact Bitcoin's price.

Risk Management: Implement proper risk management techniques, such as using stop-loss orders to limit potential losses.#Binance240MUsers #WorldLibertyXChainlink #NextMarketMoves #PennsylvaniaBitcoinReserve #Write2Earn!