Bitcoin (BTC/USDT), Key Support, FVG, Trend Line
2024-12-25
Category: None

Bitcoin (BTC/USDT), Key Support, FVG, Trend Line. 

Price Action:
	1.	Current Price: Bitcoin is trading at $98,074.72, marked in red at the top right corner. It has recently pulled back after a peak near $100,000.
	2.	Key Support Zones:
	•	$92,520.00: A highlighted level where Bitcoin might find support. This is marked on the chart with a pink box.
	•	$90,500.00: Another significant support level below, marked in a similar manner.
	3.	Fair Value Gap (FVG):
	•	The FVG appears between the current price (~$98,000) and the lower support levels (~$92,232 and $90,500). These gaps indicate areas of potential price imbalance where buyers or sellers may step in to close the gap.

Trend Context:
	•	Bitcoin is within a rising channel pattern, with yellow dashed lines indicating the trend boundaries.
	•	The price appears to have tested the upper boundary and is retracing toward support zones, suggesting a potential retracement to fill gaps or test support before continuation.