2025-02-12 08:49:51

The chart you uploaded shows Bitcoin's (BTC) price action on a 2-hour timeframe from TradingView. Based on the chart:

Support Levels:

Around $95,500 - $96,000 (green shaded area) – This level has been tested multiple times, indicating strong support.

If this level breaks, the next support is around $93,000 - $94,000.

Resistance Levels:

$98,800 - $100,000 – This is a key resistance zone, where price could face rejection.

If BTC breaks above this resistance, the next target could be around $104,000.

Trend Analysis:

The downtrend resistance (green trendline) has been broken, suggesting a potential reversal.

The red arrow indicates a bullish breakout possibility towards $100,000+.

Expected :

1. Bullish Case: If BTC holds support above $96,000 and breaks $98,800, it may move toward $100,000 and higher.

2. **Bearish

BTC-0.95%

S-4.16%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes