#BitcoinKeyZone Bitcoin (BTC) key zones are critical price levels where significant buying or selling activity occurs, influencing its direction. These zones are often identified using historical price data, support and resistance levels, and market psychology. Here’s a breakdown of current key zones for BTC:
Key Support Levels:
1. $93,000–$97,000: This range acted as a strong support during recent pullbacks. Bitcoin has bounced off these levels multiple times .
2. $85,000: A deeper support zone in case of a more significant correction, representing a strong demand area.
Key Resistance Levels:
1. $101,000–$103,000: BTC is facing resistance here as it consolidates after breaching $100,000 for the first time. Breaking this zone decisively could open the path for higher targets.
2. $110,000: A psychological and technical barrier anticipated as the next significant resistance.
Neutral Zone:
• $98,000–$100,000: This range serves as a consolidation area where traders are gauging the next major move.
Understanding these zones can help traders plan their entries and exits effectively.