BTC: The Key Buyer Zone Lies Even Lower

Wait 5 sec.

BTC: The Key Buyer Zone Lies Even LowerBitcoin / TetherUSBINANCE:BTCUSDTAlexeyWolfThe 89,256 level remains a relevant demand zone across all timeframes — from monthly to daily. The 86,000–79,500 area is the key volume zone where a long-term buyer is most likely to appear. Hello, traders and investors! This analysis is based on the Initiative Analysis (IA) method. Let’s take a look at the Bitcoin monthly chart and identify the zones where a buyer is likely to appear. The last buyer initiative began at 74,508 and ended at 126,199. The 50% level of this initiative — 100,353 — was already tested in November. The key candle (marked on the chart as KC, the candle with the highest volume within the buyer initiative) sits at the base of the move. Notably, this key candle formed as a manipulation (false breakout) of the 89,256 level. For this reason, the 89,256 level remains highly relevant on the monthly timeframe — this is a zone where a long-term buyer may reappear. During that manipulation, the key volume was accumulated in the 86,000–79,500 range (!). On the weekly chart, the 89,256 level is also important — it represents the previous lower boundary of the weekly range, which is still relevant. On the daily chart, this level remains meaningful as well, since it is an untouched target from the previous daily range (marked with a red line). Thus, the area around 89,256 — together with the volume zone 86,000–79,500 — is a strong candidate for finding long setups. Wishing you profitable trades!