From TradingView · · 30s
Bitcoin Support Test & Bullish Target
Bitcoin tests key support as traders eye recovery targets.
In brief
Bitcoin tests key support as traders eye recovery targets. Bitcoin is testing support at 79,500-80,500 with potential recovery toward 84,000-84,500. Originally reported by TradingView.
Bitcoin Support Test
Bitcoin is testing its primary support area of 79,500.00 to 80,500.00 on the 2H timeframe.
Current Price Action
Price trades near 80,319.88 showing potential base formation for recovery move.
Bullish Targets
Recovery targets include 84,000.00-84,500.00 and 87,000.00-87,500.00.
Bullish Confirmation
Sustained hold above 80,000.00 and break back above 82,000.00 confirms support bounce.
What to remember
Bitcoin is testing support at 79,500-80,500 with potential recovery toward 84,000-84,500.
