๐ Trendline Breakout! ๐
The chart is looking hot! ๐ฅต BTC just broke out of a descending trendline (green), a classic bullish signal. ๐ฅ It's currently trading above the red support line, adding fuel to the fire. ๐ฅ
๐ก๏ธ Strong Support Found! ๐ก๏ธ
BTC recently retested the $91,530.45 level and bounced back like a champ! ๐ช This confirms it as a solid support zone.
๐ฏ Resistance Levels Ahead! ๐ฏ
1๏ธโฃ First Resistance: $96,857.59 ๐ฅ
2๏ธโฃ Second Resistance: $103,025.86 ๐ฅ
If this bullish momentum keeps rolling, these levels could be the next targets. ๐ฏ
๐ Volume is Picking Up! ๐
Increased trading volume signals growing market interest, which could further fuel the breakout. ๐
๐ฎ Two Scenarios: ๐ฎ
1๏ธโฃ Bullish Scenario: ๐ If BTC stays above $94,715.09, it's likely to head towards $96,857.59 and beyond. ๐
2๏ธโฃ Bearish Scenario: ๐ป If BTC falls back below the red trendline, it could revisit $91,530.45 or even lower. ๐
๐ Watch This Space! ๐
Keep a close eye on how BTC reacts at these current levels. Will it find support and continue its bullish run, or will it face rejection and turn bearish? ๐ค
โก What are your thoughts? โก Share your predictions in the comments below! ๐
