From TradingView · · 30s
BTCUSD Breakout Setup: Bullish Trendline Reversal
Bitcoin breaks key support on TradingView chart, targeting 84,350.
In brief
Bitcoin breaks key support on TradingView chart, targeting 84,350. Bitcoin price action breaks resistance near 80,150, aiming for 84,350 and 86,560. Originally reported by TradingView.
Bitcoin price action
Bitcoin is trading around 82,845 on the 4-hour chart after testing support near 80,150.
Bullish trendline reversal
Price broke a descending trendline since early October, signaling a shift from bearish to bullish momentum.
Target levels
Price aims for 84,350 (1.8% upside) and 86,560 (4.4% upside) with stop loss below 80,150.
The big picture
Bitcoin price action breaks resistance near 80,150, aiming for 84,350 and 86,560.
