From TradingView · · 30s
BTCUSDT Bounce Signals Bullish Test
BTCUSDT bounces off demand zone near 79,300 suggesting a test of supply for potential upside.
In brief
BTCUSDT bounces off demand zone near 79,300 suggesting a test of supply for potential upside. BTCUSDT may rise to 83,500 if it holds above 79,300 and the trend line. Originally reported by TradingView.
Current BTCUSDT Chart Setup
BTCUSDT recently bounced off demand zone near 79,300 after testing lower levels.
Bullish Scenario
Price holds above 79,300 and trend line to target 83,500 with risk of downside break.
Risk Management
A break below 79,300 weakens bullish outlook and opens door for further downside.
The headline
BTCUSDT may rise to 83,500 if it holds above 79,300 and the trend line.
