BITCOIN / TRADING SENSITIVE AREA / 1H
2024-10-21

BITCOIN / 1H TIME FRAME 

 HELLO TRADERS  

 Prices are trading near the demand zone, which is an area where buying interest is high enough to prevent the price from falling further. It suggests that if prices stabilize and remain above this zone, buyers are likely maintaining control.

If prices remain above the demand zone, the analysis forecasts a potential increase toward the supply zone, which is the range between 69,058 and 69,513. A supply zone is an area where sellers are likely to step in and create downward pressure on the price.

 On the other hand, if prices break below the demand zone, it would confirm a downtrend. This means the selling pressure has overwhelmed buying, pushing the price downward. The analysis predicts the price could then fall to the next demand zone between 65,420 and 64,867.

Supply Zone : 69,058 and 69,513.
Demand Zone : 65,420 and 64,867.