$BTC — The $85,000 Support: Last Stop Before $100K? 🚀📊
Bitcoin is at a critical juncture. The recent dip from $88,000 to $86,800 has caused panic, but my chart analysis suggests otherwise. 📉📈
Key Chart Observations (BTC/USDT - 4-Hour Chart):
Strong Support at $85,000: The 200-period Moving Average (MA) on the 4-hour chart is currently acting as a strong psychological and technical support zone. Previous bounces confirm this area's significance.
Bullish Divergence on RSI: While price action has seen minor consolidation, the Relative Strength Index (RSI) is showing signs of a hidden bullish divergence. This indicates that buying pressure is quietly building despite the red candles.
Volume Profile Analysis: The Volume Profile Visible Range (VPVR) shows significant accumulation between $85,500 - $86,500. "Smart Money" has been buying into this zone.
Target Resistance: $91,000: If $BTC holds above $85,000, the next immediate resistance will be the $91,000 level, which aligns with a previous swing high and the 0.618 Fibonacci retracement level.
My Strategy for the New Year:
I am scaling into $BTC between $86,000 - $87,000. My target for mid-January 2026 is $95,000 - $100,000, with a tight stop-loss below the $84,500 support. 🛡️
What do you see on the charts? Share your analysis! 👇
#Bitcoin #BTC #ChartAnalysis #TradingView #CryptoTrading
Bitcoin is at a critical juncture. The recent dip from $88,000 to $86,800 has caused panic, but my chart analysis suggests otherwise. 📉📈
Key Chart Observations (BTC/USDT - 4-Hour Chart):
Strong Support at $85,000: The 200-period Moving Average (MA) on the 4-hour chart is currently acting as a strong psychological and technical support zone. Previous bounces confirm this area's significance.
Bullish Divergence on RSI: While price action has seen minor consolidation, the Relative Strength Index (RSI) is showing signs of a hidden bullish divergence. This indicates that buying pressure is quietly building despite the red candles.
Volume Profile Analysis: The Volume Profile Visible Range (VPVR) shows significant accumulation between $85,500 - $86,500. "Smart Money" has been buying into this zone.
Target Resistance: $91,000: If $BTC holds above $85,000, the next immediate resistance will be the $91,000 level, which aligns with a previous swing high and the 0.618 Fibonacci retracement level.
My Strategy for the New Year:
I am scaling into $BTC between $86,000 - $87,000. My target for mid-January 2026 is $95,000 - $100,000, with a tight stop-loss below the $84,500 support. 🛡️
What do you see on the charts? Share your analysis! 👇
#Bitcoin #BTC #ChartAnalysis #TradingView #CryptoTrading