Based on the current price range of Bitcoin, which is between 30668 and 31354, a potential trading opportunity could be identified if the price falls to the range of 30400-30591. In this scenario, a long position entry at around 30515 is considered.
The rationale behind this entry point is the expectation of a bounce from the lower range, as it is seen as a potential support level. This implies that buyers might step in at this level, leading to a price reversal.
If the price does bounce from the 30400-30591 range, the analysis suggests that Bitcoin might attempt to break the resistance at 31225. A successful breakout above this level could indicate an increase in buying pressure, potentially attracting more market participants and driving the price higher.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.