Bitcoin, after successfully forming a bottom, remains bullish at low levels
From the daily chart, Bitcoin has now stabilized above 84,000. If it does not break below this level during a pullback next week, a rebound is just a matter of time. Currently, if you want to go long, you can consider entering around 85,500 and look for an upward move.
If the price rises as expected, resistance can be seen at 89,700 to 91,300 above. If there is no one-sided rally, you can look for a downward move within this range. No more words needed; with the market yet to move, strategy comes first, and the analysis has been provided.
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Bitcoin, after successfully forming a bottom, remains bullish at low levels
From the daily chart, Bitcoin has now stabilized above 84,000. If it does not break below this level during a pullback next week, a rebound is just a matter of time. Currently, if you want to go long, you can consider entering around 85,500 and look for an upward move.
If the price rises as expected, resistance can be seen at 89,700 to 91,300 above. If there is no one-sided rally, you can look for a downward move within this range. No more words needed; with the market yet to move, strategy comes first, and the analysis has been provided.
Go long around 85,700, target 89,500.