Bitcoin (BTC) Ready to Explode: Key Resistance Levels That Could Trigger Massive Gains

Bitcoin (BTC) continues to exhibit dynamic price action across various timeframes, shaped by key technical indicators and broader market sentiment. This analysis covers BTC’s price trends on the daily, weekly, 4-hour, and 15-minute charts, along with potential entry points, take-profit targets, and stop-loss levels. Daily and Weekly Analysis On the daily chart, BTC is facing resistance at $86,722, with crucial support at $82,899. A potential “death cross” — where the 50-day moving average may fall below the 200-day moving average — raises concerns of a downside shift. However, breaking above $86,722 could trigger a resurgence in bullish momentum, aiming for $90,000 as the next key target. The weekly chart reflects a mixed outlook. While BTC holds steady, breaking $86,722 resistance would open up a path to $90,000. However, failure to maintain support at $82,899 could prompt deeper corrections, testing the $80,000 psychological level. 4-Hour and 15-Minute Analysis On the 4-hour chart, BTC is consolidating between $82,900 (support) and $85,500 (resistance). A breakout from this range would signal the next major move. If BTC surpasses $85,500, expect a rise toward $88,000; otherwise, a drop below $82,900 could spur further selling pressure. The 15-minute chart shows increased volatility, with immediate support at $83,000 and resistance at $84,500. Short-term traders can leverage this volatility , but they must stay cautious due to the quick price swings. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Entry, Take-Profit, and Stop-Loss Levels Ideal entry lies near $82,900. Traders should target take-profit levels at $85,500 (4-hour resistance), $86,722 (daily resistance), and $90,000 for longer-term gains. A stop-loss below $81,500 provides a safety net against downside risks. BTC’s price action remains volatile and responsive to broader market movements. Short-term traders can capitalize on fluctuations, while long-term investors should watch for key breakouts above resistance levels. Risk management is essential to navigate these highly volatile conditions. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin (BTC) Ready to Explode: Key Resistance Levels That Could Trigger Massive Gains appeared first on Times Tabloid .