Support and resistance levels #BTC
Resistance: 96,360 USD
Support: 94,263.8 USD
1. KDJ indicator:
Current KDJ: 27.88
Previous KDJ: 10/28
Conclusion: There is a slight decline, which may indicate a weakening of the uptrend.
2. MACD indicator:
Current MACD: -125.23 (below signal line)
Previous MACD: -102.22 (also below signal line)
Conclusion: MACD indicates a bearish trend as the MACD line is below the signal line.
3. RSI indicator:
Current RSI: 26.44 (oversold)
Previous RSI: 23.29
Conclusion: RSI indicates oversold conditions, which may signal a possible upward reversal.
4. Bollinger Bands indicator:
Current price: 94,594.1 USD
Lower limit: 94,263.8 USD
Upper limit: 96,360 USD
Conclusion: The price is close to the lower border, which may indicate the possibility of a rebound.
Conclusion
At the moment, BTC is in an oversold state, which may create conditions for a possible increase. However, resistance and support levels remain important for further analysis. If the price breaks the resistance level at 96,360 USD, it may signal a continuation of the uptrend. Otherwise, if the price falls below the support level at 94,263.8 USD, it may lead to further decline.
