🚀 $BTC / USDT Bullish Signal Alert! 🚀
Bitcoin is showing signs of a potential trend reversal after testing local support.
Looking at the 1D Daily Chart, we are seeing some interesting technical developments that every trader should keep an eye on!
📊 Technical Analysis Breakdown:
* Current Price: 87,132.00
* Support Found: $BTC successfully bounced off the $80,600 level, forming a solid base.
* Indicators: * Price is currently stabilizing below the EMA(20) (90,091). A break and hold above this level would be the first major signal of a bullish continuation.
* The EMA(50) and EMA(200) remain higher, acting as primary targets for this recovery.
🎯 Key Targets to Watch:
* Immediate Resistance: $90,000 (Psychological & EMA 20 level)
* Mid-Term Target: $94,856 (EMA 50)
* Major Resistance: $102,709 (EMA 200)
💡 Trader's Insight:
Bitcoin has been consolidating in a tight range after the recent dip from its October highs.
The current price action suggests that the selling pressure is exhausting.
If we flip the $90k level into support, we could see a rapid move toward the $100k milestone!
> Risk Management: Always use a Stop-Loss.
A daily close below $80,000 would invalidate this bullish setup.
> Are you Bullish or Bearish? Let me know your targets in the comments! 👇
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