📌 Current Price: $84,727 (+0.60%)
📊 Volume: Significant increase in the last hour, indicating strong buying interest.
🔍 📊 Technical Indicators Analysis
1️⃣ Moving Averages (EMA & MA) 📈
📌 EMA 50 ($84,260) → BTC is above, indicating a short-term bullish trend.
📌 EMA 100 ($84,194) → Confirmation of upward momentum.
📌 EMA 200 ($84,075) → Key support; BTC is still far from this average, confirming strength in the trend.
✅ Conclusion: BTC maintains a bullish structure on the 1H timeframe, but could correct to the EMA 50 before continuing upward.
The
2️⃣ Bollinger Bands (BB) 🎯
🔹 Upper Line (UP): $84,658 → BTC has breached it, indicating overbought.
🔹 Middle Line (MB): $84,216 → Could act as support in case of correction.
🔹 Lower Line (DN): $83,775 → Bounce point in case of a strong drop.
✅ Conclusion: BTC is outside the upper band, suggesting a correction to the Bollinger mean ($84,216-$84,400) is likely before another bullish attempt.
3️⃣ MACD (Momentum) ⚡
📌 MACD Line: 68.78
📌 Signal Line: 33.02
📌 Histogram: Increasing divergence
✅ Conclusion: MACD in strong bullish momentum, with no signs of weakening yet. As long as the histogram continues to increase, the bullish trend remains strong.
4️⃣ RSI (Relative Strength Index) 🚀
📌 RSI (7 periods): 82.37 → Extreme overbought zone (profit-taking may occur).
📌 RSI (14 periods): 67.24 → Still in strength zone, but approaching overbought.
📌 RSI (21 periods): 59.78 → Indicates that the overall trend remains strong.
✅ Conclusion: BTC is overbought on 1H, which may lead to a slight correction before continuing the rise.
5️⃣ Parabolic SAR (Supports and Resistances) 🔄
📌 SAR Value: $83,977
✅ Conclusion: SAR continues to show a bullish trend, but if BTC drops below $84,000, there could be a short-term reversal.
🎯 Key Levels to Watch
🔹 Immediate support: $84,500
🔹 Strong support: $84,000 - $84,200
🔹 Key resistance: $85,000 - $85,200
✅ Strategy:
1️⃣ If BTC holds above $84,500, we may see a new breakout attempt towards $85,200+.
2️⃣ If BTC falls below $84,000, we could see a deeper correction to $83,700 - $83,500.
📢 Want more analysis like this?
📌 Follow @CryptoActiveNews for exclusive real-time analysis. 🚀📊
#bitcoin
