Bitcoin Approaches Major Demand Zone – Big Move Brewing! 📊
Setup: $BTC
BTC
67,658.83
-1.28%
BTC has been in a clear downtrend, consistently respecting a descending trendline with multiple rejections. Currently, the price has reached a significant support/demand area and is showing signs of reaction.
Chart Confluences:
✔ Attempting a break of the descending trendline
✔ Strong horizontal demand zone
✔ Cloud crossover signal
✔ Volume profile indicating interest near support
This zone is a critical decision point for Bitcoin.
Key Levels:
🔻 Strong Support: $60K–$63K
🔺 1st Resistance: ~$77.7K
🔺 2nd Resistance: ~$82.3K
BTCUSDT Perp: $68,960.2 (-2.06%)