#BitcoinKeyZone

What are Bitcoin Key Zones?

Key zones are specific price ranges where the market exhibits notable buying or selling pressure. These zones are often formed due to psychological factors, technical analysis indicators, or significant market events. Traders closely monitor these zones as they can provide valuable insights into potential price reversals or continuations.

Types of Key Zones

Support Levels: These are price levels where buying pressure is strong enough to prevent the price from falling further. When Bitcoin's price reaches a support level, it may bounce back up or consolidate before resuming its upward trend.  

Resistance Levels: These are price levels where selling pressure is strong enough to prevent the price from rising further. When Bitcoin's price reaches a resistance level, it may pull back or consolidate before breaking through and continuing its Uptrend