BTC Support + Resistance Levels

Below are the key support and resistance levels for BTC.

By running our margin pressure levels off our recent 3 lows, we can project where longs will either run out of steam or step in to bid.

To better understand this, below $98k, longs can bid on 2x leverage while maintaining a liquidation point below the $49k low. This incentivizes buyers to step in, which was a large part of why the we recently formed a low around $98k.

Based on the $75k low, above $150k, longs will no longer be able to buy on 2x leverage and maintain a liquidation point below the $75k low.

Expect a lot of resistance around $109k - $112k for similar reasons, though it looks like we may take another stab at those highs soon.

If we add in our short margin pressure levels we see an additional support level at $93k. Below $93k, shorts can no longer short on 5x leverage and maintain a liquidation point above the BTC ATH.

$93k is also the 50% retracement, aka the midpoint of the range, between $112k and $75k which is significant support as it effects risk/reward ratios for longs and shorts.