tradeview

$BTC #tradeview

Current Snapshot
Bitcoin is trading at $93,782, up 10.10% in the last week, with strong volume nearing 1.5 million USDT. The price has swung between $85,179 and $95,144, showing significant volatility.
Key Indicators Breakdown
1. Momentum (RSI)
- RSI (14): 57.38 (up from 54.20)
- What It Means: The RSI is climbing but still in neutral territory—no overbought or oversold signals yet. Buyers are gaining strength, but there’s room for more upside before exhaustion.
2. Trend Strength (MACD)
- MACD Line: 1,619.57 | Signal Line: 3,277.71
- What It Means: The MACD is still bearish (below the signal line), but the gap is narrowing. If this continues, we could see a bullish crossover soon.
3. Moving Averages (LSMA)
- Short-Term (LSMA 9): $85,651
- Long-Term (LSMA 25): $86,438
- What It Means: The price is well above both averages, confirming short-term bullish momentum. A golden cross (9 > 25) would strengthen the uptrend.
Price Action Outlook
✅ Bullish Signs:
- Strong 24h rally (+10%) with high volume.
- RSI rising but not overheated.
- Price holding above key LSMA levels.
⚠️ Caution Flags:
- MACD still lagging—needs confirmation of trend reversal.
- Resistance at $95,144 (recent high) and $100,000 (psychological barrier).
What’s Next?
- If BTC breaks $95,144: Expect a run toward $100,000, especially if volume stays high.
- If rejected at $95K: Watch $85,179 as critical support. A drop below could signal a short-term pullback.
Final Thought
Bitcoin is showing strength, but the MACD divergence suggests waiting for confirmation before going all-in. Traders might consider:
- Long positions above $95,150 (target $100K).
- Caution below $85,200—could indicate profit-taking.
Always DYOR and manage risk—crypto moves fast!
Data: TradingView (Binance BTC/USDT) | Timeframe: Weekly

Primary Sources / Referances
TradingView ChartBinance Market Data