We are looking for range zone here and also short-term fall like the red arrows on chart.
price is now receiving major resistance zone and any breakout to the upside can lead the price to 120K$ but if the resistance hold soon heavy dump is expected at least to the targets like 90K$ or 80K$.
📉SHORT: $BTC (1D)
#BTCUSDT | #BTC | #Bitcoin
Current Price $101413.00
Market Cap $2008.07B
Change 1h +0.55% | 24h +0.96%
Daily Indicators:
• RSI: 63 - Neutral 🟠
• MACD: 3329 - Bullish 🟢
• EMA: 94743 - Trading Above 🟢
Analysis: The chart shows BTCUSDT approaching a crucial ATH resistance zone. A breakout here might lead to a significant pump, but failure to break could result in a heavy dump. It’s a critical point for traders, emphasizing the need for caution and strategic decision-making.
Price Targets: If BTC breaks out, it could soar to $120K. However, rejection might result in a drop to $90K or even $80K. Stay sharp and trade thoughtfully!
DISCLAIMER: ((trade based on your own decision))
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