From TradingView · · 50s
Bitcoin's Turning Point
Bitcoin rebounds from bear market after key support holds.
In brief
Bitcoin rebounds from bear market after key support holds. Bitcoin holds $80,000-$82,000 support after bear market, signaling potential breakout to $94,000. Originally reported by TradingView.
Bitcoin's Turning Point
Bitcoin has gone through a major bearish phase since its all-time high.
Price Stabilization at $60,000
After decline, price stabilized around $60,000 raising question about pause or reversal.
Double Bottom Structure
Bitcoin formed a double bottom structure after first recovery toward $83,000.
Breakout Confirmation
Bitcoin broke above $83,000 on September 21, signaling potential bullish scenario.
Key Support Levels
Potential buy zone: $80,000-$82,000 if price action confirms support.
Risk Management Approach
I want to see clear reaction, valid entry setup, and reasonable risk-to-reward ratio.
What to remember
Bitcoin holds $80,000-$82,000 support after bear market, signaling potential breakout to $94,000.
