$BTC price is currently around $87,470, has broken out and is above all important EMAs (EMA 20, 50, 100, and 200). This indicates potential bullish momentum in the short to medium term. EMA 20 is moving up and approaching EMA 200 — if a golden cross occurs, it is a strong signal for a long-term uptrend.

Potential Entry Areas:

1.Pullback Entry (conservative): Zone: $85,000 – $85,500 (Retest EMA 200 & 50 as support.)

2.Breakout Entry (aggressive): Zone: Around current price ($87,400 – $87,600) (Price has broken out and is supported by bullish momentum.)

Stop Loss: Below $84,000 (below EMA 20) to be safe.

Target:

- Short term : $90K – $92

- Medium term : $96K – $100K

Technically, the trend shows a potential bullish reversal. However, keep an eye on the volume and confirmation candle before entering.

#BTCRebound

Bullish
62%
Bearish
38%
26 votes • Voting closed