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Bitcoin Price Prediction: What’s The Most Likely Scenario for BTC This Week?
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Bitcoin is currently in a corrective phase, trading within a rising channel. It has pulled back to $86K, a key demand level, showing potential stabilization from buyers.
Bitcoin remains in a corrective structure, trading within a broader rising channel while short-term momentum remains weak. The recent price action highlights a critical phase where buyers are attempting to stabilize the market near key demand levels.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC continues to trade within the larger ascending channel that has defined the market structure over recent months. The asset has recently pulled back from the upper half of the channel at $92K and is now hovering near the lower boundary of $86K, where a clear buyers’ base has formed. This zone has previously acted as a strong demand area and is once again absorbing selling pressure.
In This News
Coins
$ 89.77K
+2.48%
$ 0.00316
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In This News
Coins
$ 89.77K
+2.48%$ 0.00316
Share:
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Bitcoin Price Analysis: What Does BTC Need to Decisively Reclaim $90K?
Bitcoin Breaks Into State Policy As South Dakota Weighs 10% Allocation
Bitcoin Price Prediction: What’s The Most Likely Scenario for BTC This Week?
Share:
Bitcoin is currently in a corrective phase, trading within a rising channel. It has pulled back to $86K, a key demand level, showing potential stabilization from buyers.
Bitcoin remains in a corrective structure, trading within a broader rising channel while short-term momentum remains weak. The recent price action highlights a critical phase where buyers are attempting to stabilize the market near key demand levels.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, BTC continues to trade within the larger ascending channel that has defined the market structure over recent months. The asset has recently pulled back from the upper half of the channel at $92K and is now hovering near the lower boundary of $86K, where a clear buyers’ base has formed. This zone has previously acted as a strong demand area and is once again absorbing selling pressure.
In This News
Coins
$ 89.77K
+2.48%$ 0.00316
Share:
In This News
Coins
$ 89.77K
+2.48%$ 0.00316
Share:
Read More
Bitcoin Price Analysis: What Does BTC Need to Decisively Reclaim $90K?