## âż BTCUSDT Monthly Chart Analysis â Is Bitcoin Preparing for the Next Big Move?
Bitcoin (**BTCUSDT**) is currently trading around **$77,840**, and the 1-month chart shown in the Binance screenshot is giving an interesting technical setup.
After a major decline from the previous highs, BTC appears to be forming a **potential base around the $60,000â$62,000 area**. The trendline structure drawn on the chart suggests that Bitcoin could be entering a new recovery phase, but confirmation is still needed.
Recent market data also shows BTC has pushed above $80,000 during August before pulling back, with the **$80Kâ$82K zone acting as an important resistance area**. ([Reuters][1])
### đ Key Levels to Watch
**đą Support Zones**
* **$70,000â$72,000** â first important support
* **$60,000â$62,000** â major monthly support / previous base
* **$55,000â$58,000** â deeper bearish scenario
**đŽ Resistance Zones**
* **$80,000â$82,000** â immediate breakout zone
* **$90,000â$95,000** â next major target if the breakout succeeds
* **$100,000â$105,000** â major psychological and technical target
### đ„ My Monthly-Chart Prediction
The structure shown in the chart gives me a **cautiously bullish bias**.
If BTC can establish a strong monthly close above **$80Kâ$82K**, the next move could target **$90K**, followed by **$95Kâ$100K**. A sustained breakout above $100K could significantly strengthen the longer-term bullish structure.
On the other hand, if Bitcoin is rejected around $80Kâ$82K and loses **$70K**, a retest of the **$60Kâ$62K support zone** becomes possible.
The broader market has recently shown strong recovery momentum: Bitcoin gained roughly 24â28% during August according to recent reports, although the rally has also brought it into an important resistance area. ([Barron's][2])
### đŻ Possible Scenarios
**Bullish scenario đ**
$80K breakout â $85K â $90K â $95K â **$100K+**
**Neutral scenario âïž**
BTC remains between **$70Kâ$82K**, consolidating before the next major breakout.
**Bearish scenario đ»**
Rejection from $80Kâ$82K â $70K breakdown â possible retest of **$60Kâ$62K**.
### đ§ Final View
The monthly chart is interesting because Bitcoin has recovered strongly from the lower support area, while the trendline projection suggests the possibility of a larger upward move.
**My key confirmation level is $82,000.**
A convincing monthly breakout and close above this zone would make **$90Kâ$100K** increasingly realistic.
But remember: **a prediction is not a guarantee.** Bitcoin remains highly volatile, so traders should watch monthly closes and support/resistance rather than entering purely because of a projected target.
**BTCUSDT: $77,840 đ**
**Key resistance: $80Kâ$82K**
**Major support: $60Kâ$62K**
**Bullish target: $90Kâ$100K+**
*This is technical analysis for educational purposes, not financial advice.*
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