Technical analysis by Artiverma256 about Symbol BTC on 3/18/2025
https://sahmeto.com/message/3360138
Artiverma256
Rank: 27036
Analytical Power:
1.4
OUTLOOK Bitcoin/U.S. Dollar (BTC/USD) 4-hour ,
Neutral
Price at Publish Time:
$82,234.34

Bitcoin/U.S. Dollar (BTC/USD) 4-hour ,Chart Details:1. Price Levels:• The current price is $82,260.11.• SELL and BUY prices are $82,247.68 and $82,257.91, respectively.2. Market Structure:• A resistance zone is visible around $84,000.• Price appears to have faced rejection from this resistance.• Two Target Levels:• Target 1: Around $76,000• Target 2: Around $72,0003. Trend Analysis:• A descending trendline is drawn, indicating a bearish movement.• The chart suggests a breakout and retest, followed by a potential bearish move.Overall, this chart reflects a bearish market structure, where the price is expected to first test the resistance zone, then decline toward the Target 1 and Target 2 support levels.
Source Message: TradingView