From TradingView · · 40s
Bitcoin Tests Reversal Zone After Channel Breakout
Bitcoin breaks above channel, testing key reversal zone near 81,350, 81,500.
In brief
Bitcoin breaks above channel, testing key reversal zone near 81,350, 81,500. Bitcoin has broken above its descending channel and tested a potential reversal zone at 81,350, 81,500 after a channel breakout. Originally reported by TradingView.
Bitcoin Breaks Channel
Bitcoin has broken above its descending channel and recovered toward 81,350, 81,500.
Price Tests Reversal Zone
Price has tested liquidity above recent highs near 81,650, 81,700 but sustained bullish acceptance remains unconfirmed.
Bearish Scenario
If a pullback forms and tests the highlighted zone, it could move toward 81,100 followed by 80,750, 80,800.
What it means
Bitcoin has broken above its descending channel and tested a potential reversal zone at 81,350, 81,500 after a channel breakout.
