Peace be upon you and God's mercy and blessings
Update #BTC
In the previous update, we talked about important areas, which are:
1- 91539
2- 93163
In the past few days, we saw that BTC rose close to the second level at 93092. We mentioned the importance of it stabilizing above this area and trading above the price until we see a recovery on the chart, but the rise was false, and it closed below the main area 91539.
After that, the price dropped to support 85593 and broke it. We previously mentioned that instability in important areas would lead to breaking the support, and the break was confirmed, then it rebounded from the support close to the main support
83893.
The nearby support now is 83893, and we saw a rebound from it, and the price is currently trading above the main support area 85593.
If the price stabilizes above the support with strong upward momentum, we await stabilization between:
• 91539
• Then initial stabilization for a breakout
93163
And stabilizing above this price gives positivity and a signal of recovery, God willing.
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As for the second scenario:
The price returns and stabilizes below:
• 85593
Then it breaks the previous low at:
• 83893
At that time, our first target will be:
• Level 79647 as the first target.
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We will monitor the chart, and upon touching any level of the mentioned levels, a new update will be published.
Good luck to you 🌹
