BTCUSD Technical Analysis: Key Support Could Trigger the Next Ra

Wait 5 sec.

BTCUSD Technical Analysis: Key Support Could Trigger the Next RaBitcoin all time history indexINDEX:BTCUSDGold_Market_MindBTCUSD 15M Technical Analysis The 15-minute chart shows Bitcoin maintaining a short-term bullish structure, with price trading around 60,400 after forming a series of higher lows. Buyers are attempting to defend the marked support zone near 60,000, which could serve as the launch point for another impulsive move. Bullish Scenario The highlighted support zone (60,000–60,015) is the key demand area. As long as price holds above this region, buyers remain in control. A successful retest followed by bullish confirmation (strong bullish candle or higher low) could trigger a continuation toward the upside. Target: 62,400 This represents a potential gain of approximately 2,400 points from the support area. Risk Scenario A break and close below 59,400 would invalidate the bullish setup. Losing this support may shift momentum to the sellers and increase the probability of a deeper correction. Key Levels Support: 60,000 – 60,015 Stop Loss: 59,400 Bullish Target: 62,400 Trading Plan Wait for price to retest and hold above the support zone. Look for bullish confirmation before entering. Maintain disciplined risk management and avoid chasing the move if price extends without a pullback. Overall Bias: Bullish above 60,000, with 62,400 as the next major upside objective while 59,400 remains the invalidation level.