BTC is currently respecting a clean uptrend line, indicating that buyers are still stepping in at dips and maintaining the overall bullish structure.
After the latest rejection from the resistance zone at 79,300, the price pulled back but found support just as expected โ around the uptrend line.
Now, BTC is trying to regain momentum. If buyers continue to defend this structure, we might see a push towards the 79,300 level, which serves as the first major resistance.
A successful breakout and holding above this zone will pave the way to the next major target around 80,500.
Key levels to watch:
78500.00
79,300
80,500
You can find more details on the candlestick chart.
Thank you and wish you good luck! ๐
โ ๏ธ Note: Analyze your own market and use your personal strategy to enter the trade.
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