Bitcoin Rebound From 84800 $ Could Fuel Further Upside

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Bitcoin Rebound From 84800 $ Could Fuel Further UpsideBitcoin / TetherUSBINANCE:BTCUSDTCryptoAnalystSignal#BTC The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound, suggesting a potential upward move upon retesting this level. The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour chart. An orange trend line supports the potential upward rebound. There is initial support at the 79,600 level. A key support zone (marked in green) exists at 76,900; the price has rebounded from this area multiple times, making it a strong support level. The price is moving toward the 100-period moving average—a level we are currently approaching—which supports the bullish outlook. Entry Price: 84,800 Target 1: 86,088 Target 2: 87,382 Target 3: 88,852 Stop Loss: At the green resistance zone. Remember this simple rule: Capital management. If you have any questions, please leave a comment. Thank you.