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Technical Analysis of Bitcoin (BTC/USD)
Bitcoin is currently trading within an upward channel on the daily timeframe. The key support levels are identified at $90,015 and $75,366, while resistance levels are at $91,808 and $93,224. The price action suggests a bullish trend, supported by consistent higher highs and higher lows.
Shorter timeframes also confirm upward momentum, with the hourly and 4-hour channels aligned to the upside. However, a temporary pullback to test lower support zones remains possible before further upward movement.
Traders should monitor the price reaction near the support and resistance levels for potential breakout signals or trend reversals.
#BTC Gateio