Btcusd all time High its possible 
2025-01-21
Category: None

This image displays a technical analysis chart for Bitcoin/Tether (BTC/USDT) on the 15-minute timeframe, sourced from Binance. Here are the key elements of the analysis:

1. Price Levels:

Current Price: Around 102,463.70 USDT.

Support Level: Approximately 99,464.85 USDT, indicated by the red line at the bottom.

Resistance Levels:

The first resistance is around 104,522.82 USDT, marked by a yellow line.

The second resistance is around 109,487.52 USDT, also highlighted with a yellow line.




2. Price Action:

The chart shows recent price movements with a decline from a peak, followed by a consolidation phase.

An upward projection is indicated by a dotted blue line, suggesting a potential price increase.



3. Fibonacci Levels:

Fibonacci retracement levels are marked, with key levels around 104,522.82 USDT and 106,935.91 USDT.



4. Projection:

The analysis suggests that the price might recover and potentially surpass its all-time high, indicated by the annotation "Will cross all-time high."



5. Indicators:

The chart includes standard candlestick patterns for price action.

The analysis might be using other technical indicators, though not visibly specified in the image.




This analysis indicates a bullish outlook, anticipating a recovery and breakout to new highs.

